50 billion nun hidden debts by the government of Ibikunle Amoson exposed in Ogun State

50 billion nun hidden debts by the government of Ibikunle Amoson exposed in Ogun State

The Ogun state government has unveiled a massive N50 billion debt that the previous government concealed to Senator  Ibikunle  Amosun.

 Governor Dapo Abiodun said the figures provided by the Amosun administration do not explain the full commitment it left behind when the former governor left office in 2019.

In a statement signed by Kunle Somorin, the press secretary to the governor, the administration claimed that at least 50 billion naira in financial liabilities had not been accounted for in the financial report that was delivered to him in May 2019.

The governor's statement came as a reaction to the Debt Management Office report that the government incurred domestic debts of N 58 billion during his tenure.

Destination Management Bureau revealed in the report that the administration led by Dapo Abiodun borrowed N58bn as local debt in 18 months. The DMO report published on March 15 indicated that from June 30, 2019 to December 30, 2020, the Ogun state government took a total of 58,316,493,347 NN in domestic debt. According to the government, a recent report from the Destination Management Bureau showed that the numbers deleted by the state's previous administration on local debt had an impact on the DMO report.

The statement reads in part, “We only became aware of this amount in the context of our due diligence on Ogun state finances soon after we assumed responsibility.” As a transparent government committed to accountability, we had to disclose this for the first time to give a true picture of the state’s indebtedness. Governor Dapo Abiodun has begun paying out retirees and retirees affected, with the first payment of 500 million N of them paid last month.

Every three months, the ruler promised to pay at least 500 million naira until each person was repaid. “The increase in the state’s total debts for the year 2020 due to undisclosed tips and employee liabilities, which was not recognized in the state’s financial statements in May, was about 50 billion nn. 2019 at the end of the previous administration.

"In order to show the full picture of all the state's obligations, the current administration has withheld gratuities and employee obligations in the state's financial statements and then the increase." Residents and citizens of the state can attest to how the Abiodun government completed all the projects abandoned by its predecessor and initiated the distinct projects and roads. The governor focused on his project “Building our future together,” with particular attention to infrastructure, health, education and agriculture.

The welfare and security of the people, which are the basic functions of government, are on an equal footing. "

Attempts to get a reaction from Amosun failed because the former ruler did not respond to the text message sent to his mobile phone.