Oyo Debts : Bimbo Adekanmbi Refutes Makinde’s Lies Against Ajimobi Govt, Exposes Oyo Govt Multi Billions Debt Traps
Oyo Debts : Bimbo Adekanmbi Refutes Makinde’s Lies Against Ajimobi Govt, Exposes Oyo Govt Multi Billions Debt Traps .
Hon. Bimbo Adekanmbi, Oyo state former Commissioner for Finance, Budget and Planning during the tenure of late Gov. Ajimobi has refuted Gov. Seyi Makinde’s lies against Gov. Ajimobi led administration on debt profiles . He also faulted Governor Seyi Makinde’s proposed 100Billion Naira loan , which is tagged “Prosperity Bond”, and described it “bondage bond “.
Adekanmbi challenged and alleged Seyi Makinde led Oyo state government as these while featuring on a radio station , YS Live with Yemi Sonde on splash fm, in Ibadan today .
On the programme, Mr Yemi Sonde also featured Comrade Emmanuel Ogundiran, TUC Chairman of Oyo-State chapter to discuss labour related matters and shutting down of a soap factory in Ibadan over University of Ibadan(UI) student’s death , Richard Gbadebo and the labour union’s perspectives as well as their stand .
The cogent points raised by Hon. Bimbo Adekanmbi today on Splash FM’s YS Live are :
”
91b Total Domestic Debt :
27B is total debt accrued by Late Sen. Ajimobi.
18b Budget Support Facility by the FG
17b Salary Bail Out. We left 16B as Late Sen. Ajimobi paid 1b before leaving.
8.8b Restructured Commercial Loans turned to Bond.
9.4b Excess Crude Loan
4.8b Bond. 2.3b left to be returned at the time Late Sen. Ajimobi left office.
7.6b Agric Loan
41m Judgment Debt
4.7b Contract Arrears
25b Pensions & Gratuity Arrears.
6m Other debts.
The total proper loan Ajimobi secured are RCB loan, Agric Loan and Excess Crude Loan and State Bond.
Senator Ajimobi’s administration paid 99m monthly on the bond for 7yrs.
Seyi Makinde’s administration is to pay N1.5bn monthly for 12yrs if they collect their proposed loan.
15% was Govt yield and Ajimobi’s govt borrowed at 1.5%
6.5% will be Govt yield and GSM is borrowing at 14% rather than 8.75% “, Adekanmbi clarified .
What do you expect from a thief like his principal? Bimbo Adekammbi did a shoddy job to cover the tracks of his principal before leaving office. They are lucky Makinde is not willing to probe otherwise they will all be in jail . Where are all the jobs they executed with those loans ?? He now said the proper loans , what of the improper loans ? Awon ole. Corona will do justice.