Osun APC Alleges Adeleke Plans N300bn Loan Using Local Governments

The Osun State chapter of the All Progressives Congress (APC) has raised concerns over plans by the state government to secure a N300 billion loan using the 30 local government councils as collateral.

The party said the proposed loan would be obtained from Unity Bank Plc and warned that the arrangement may violate the law.

APC leaders stated that a meeting was held at the State Secretariat in Abere, attended by local government chairmen elected under the Peoples Democratic Party (PDP), heads of local government administration, directors of administration, and heads of finance across the councils.

The meeting reportedly discussed the proposed loan, which would tie about N10 billion in borrowing to each council, potentially creating additional financial obligations for the state.

The APC argued that the plan could conflict with legal provisions that protect the autonomy of local government councils and govern borrowing powers of subnational authorities.

The party advised financial institutions to carefully consider any transactions linked to the proposal, noting that only council executives recognized by law should participate in such arrangements.

Separately, the Accord Party in Osun questioned the role of APC governorship candidate Bola Oyebamiji in managing a $20 million World Bank-supported primary health care grant during the tenure of former Governor Adegboyega Oyetola.

Accord called on Oyebamiji to clarify decisions made at the procurement board and whether proper procedures were followed in the allocation of contracts funded by the grant.

The state’s opposition parties continue to monitor the actions of the government and political candidates, calling for transparency in borrowing, project management, and the use of public funds.