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Public Expenditure: Financial Discipline Our Watchword – Osun Govt

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The Osun State Government has debunked repeated fake information from the opposition operatives, and an online platform which accused the government of recklessness in public expenditure. It described the news as false and a misrepresentation of facts, to be corrected by direct fact checking.

In a statement by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi, the State Government fingered such false reports with headlines as Adeleke blew N38bn in 21 months; splashed N8bn on vehicles in 2024; zero funding for gratuity, pension arrears; N38 billion spent on Governor’s Office; N8.09 billion on vehicle purchase; 500 million plus on entertainment among others.

Before puncturing the fake news, let me reiterate that the Osun State Government took a significant step towards fiscal accountability and transparency by making its budget implementation report accessible to the public on its official website as part of efforts to promote sustainability and Open Governance.

“The public release of the document is a clear confirmation that the government has nothing to hide and that all details provided in terms of expenditure are public spirited with high sense financial prudence and discipline.

On the allegation of huge expenses on vehicle purchase, the public is first reminded of how the Oyetola team carted away all government vehicles in 2022, making it imperative for the government to purchase vehicles for statewide operations.

This N8 billion figure represents the cumulative procurement of vehicles by the Bureau of General Services for all Ministries, Departments, and Agencies (MDAs) to replace those carted away by the previous administration whose worth was ₦4,384,838,696.39 as at then and which ordinarily would have costed ₦18,488,312,413.88 to replace given the current value of the naira.

On pension and gratuity arrears, the current administration inherited a huge sum of ₦35bn pension and gratuity arrears from the previous administration and within just two years, the Adeleke Administration had cleared four years’ worth of ₦16.2bn pension and gratuity arrears spanning 2017 to 2020.

The public is invited to note that the  immediate past administration ruled between 2019 and 2022 and the total pension paid within the period was N11b plus compared to Adeleke’s N16 billion plus under two years.

On expenditure in Governor’s office, a review of expenditure within Governor’s office between 2019 to 2022 when Alhaji Gboyega Oyetola governed the state showed a humongous amount running into several billions of naira.

While Alhaji Gboyega Oyetola spent ₦9,615,519,767.34 between 20I9 to 2020 when the average exchange rate was about ₦300 per Dollar, the current government expended the sum of 26,185,980,555.14 from 2022 to date, when the average exchange rate was ₦1,300 per Dollar, as capital and overhead expenditure in the Governor’s office.

It is however noteworthy to add that Office the Governor comprises several agencies and units including the Governor’s personal office as an infinitesimal portion. It is disingenuous to put legitimate expenditure of statutory agencies and units on the head of the governor.

On the issue of security votes , we insist that the state governor is not drawing any security vote but the state government spent money on security services and operations and emergencies in the state which are processed within the compass of due process and financial regulations.

On a report by an online news medium that Osun state spent over Five Hundred Million Naira on entertainment, we educate the medium that Osun Government in the last one year or so has hosted several high profile national events bordering on beneficial policy meetings, hosting of ministers, Governors and even top state officials from the Presidency.

The medium is invited to note that hosting states spent fund on transportation,  accommodation and event organisation, all which were conducted under shoestring budget and within the context of hyper inflation plaguing the country.

The state benefited immensely as several developmental projects are attracted into the state while Osun state is gradually assuming the position of event hub of the South West, boosting the agenda of the administration on the cultural, creative and tourism industry.

We notice deliberate endeavour of the opposition to dent the image of the current government by misinterpreting, misrepresenting and fabricating financial conjectures especially after it has become overwhelmed by current good governance delivery. It is however gratifying to note that Osun people understand the gimmick of the unelectable opposition and are not falling for surveyors of fake news who failed miserably when they had opportunities to govern the state.

The public is aware through fact check that the increment in federal allocation to Osun state are being channeled to workers’ welfare, infrastructure upgrade, social sector renewal, small business financial supports as well as phased and liquidation of billions of naira in pension and salary debt inherited from the former administration.

We urge the public to ignore agents of fake news and to further fact check the preceding submissions from the state government to reaffirm that the current administration has shown exceptional prudence in resource management, outperforming its predecessor despite today’s challenging global economic landscape.

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Court Denies Yahaya Bello Bail in Alleged N110bn Fraud Case

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Justice Maryam Anenih of the Federal Capital Territory High Court has refused to grant a bail application filed by the former governor of Kogi State, Yahaya Bello, saying it was filed prematurely.

Delivering the ruling on Tuesday morning, Justice Anenih, said having been filed when he was neither in custody nor before the court, the instant application is incompetent.

The former governor is standing trial, along with two others, in an alleged N110bn money laundering charge brought against him by the Economic and Financial Crimes Commission (EFCC).

In the arguments before the court on the bail application, the judge had said, “Before the court is a motion on notice, dated and filed on 22nd November. The 1st defendant seeks an order of this honourable court admitting him to bail pending the hearing and determination of the charge.

“That he became aware of the instant charge through the public summons. That he is a two-term governor of Kogi State. That if released on bail, he would not interfere with the witnesses and not jump bail.”

She said the defendant’s counsel JB Daudu (SAN) earlier told the court that he had submitted sufficient facts to grant the bail.

He urged the court to exercise its discretion judicially and judiciously to grant the bail.

In opposing, the prosecution counsel Kemi Pinheiro had argued that the instant application was grossly incompetent, having been filed before arraignment.

He said it ought to be filed after arraignment but the 1st defendant’s counsel disagreed, saying there was no authority.

While delivering her ruling, Justice Maryam Anenih said: “The instant application for bail showed that it was filed on the 22nd of November. This shows that it was filed several days after the 1st defendant was taken into custody.”

Reading from the ACJa section, the judge said the provision provided that a bail application could be made when a defendant had been arrested, detained, arraigned, or brought before the court.

Bello had filed an application for his bail on November 22, but was taken into custody on November 26, and arraigned on November 27.

The second defendant, Umar Oricha, was granted bail in the sum of N300million with two sureties in the same amount.

The sureties must be a holder of a property in Maitama valued at not less than the bond sum, they must also deposit their original title document before the court.

The sureties must depose to an affidavit of means and copies of passport of sureties be deposited.

The court also ruled that Oricha shall deposit travel documents and be remanded in prison custody pending fulfillment of the bail conditions.

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Ounje Eko: Agric Commissioner Hails MoneyMaster PSB on Partnership

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The Lagos State Commissioner for Agriculture and Food Systems, Abisola Ruth Olusanya, has lauded MoneyMaster PSB for its support for the state’s ‘Ounje Eko’ initiative.

She gave the commendation recently during an official visit by the executive management team of the bank to  her  Ikeja, Lagos, office.

The commissioner thanked the team for the visit and expressed appreciation for  the support for and participation of the bank in  the Phases 1  and 2 of the Ounje Eko project.

She challenged the bank to work more closely with the Ministry, saying such collaboration will  bring additional dividends through ongoing and future initiatives to Lagos residents.

Head, Agency Banking, MoneyMaster Payment Service Bank, Mr Julius Arhebun, in his response thanked the Lagos State Government for appointing the PSB as one of the official collection banks for the food initiative.

‘Ounje Eko’ initiative is a weekly food discount market where Lagos residents can buy  a variety of food items at a discount of 25 per cent.

Arhebun, who was accompanied on the visit by Dimeji Amao; Head,  Merchant and  Enterprise Business, Bulus Ayuba; Head, Operations and Olumide Orojimi, Head, Marketing Communications  pledged additional support and readiness of the bank for  future initiatives of the Ministry.

MoneyMaster PSB is a leading provider of innovative digital financial products and services that transform lives and contribute to sustainable living. With a mission to deepen financial inclusion, MoneyMaster has been instrumental in providing financial technology services to bridge the gaps between the banked, underbanked and unbanked population.

The bank recently launched a 10% data bonus and 100MB seeding bonus to its existing and new customers to deepen financial inclusion. The offers are available to Nigerians via the USSD code and mobile banking app.

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Mahama: Atiku Congratulates Ghana’s President-elect

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Nigeria’s former Vice President, Atiku Abubakar, has congratulated John Mahama on his victory in Ghana’s recently concluded presidential election.

According to reports, Mahamudu Bawumia, the ruling party’s candidate, conceded defeat to former President John Mahama on Sunday following the outcome of the December 7 election.

In a message shared on his official X account, Atiku described Mahama’s win as a landslide victory. “Your Excellency, Mr. President-elect John Mahama, @JDMahama. My warmest congratulations on your victory. I was told you were on your way to church and thought I could catch up with you before you entered the church for the Sunday service. Once again, kindly accept my hearty congratulations on your landslide victory,” Atiku wrote on X.

Earlier, Bawumia publicly acknowledged his defeat, calling Mahama to extend his congratulations. During a press conference, he remarked: “The people of Ghana have spoken, and they have voted for change. We respect their decision with humility.”

Mahama later confirmed via his X account that he had received the congratulatory call from Bawumia.

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