Osun State Governor, Ademola Adeleke, has refuted viral reports alleging that his administration has borrowed N10 billion from foreign bodies.
A report had earlier surfaced claiming that the governor secured the sum of N10,022,382,348.40 billion in loans from various foreign bodies and organizations in 2023.
In a statement issued on Monday by his spokesperson, Mallam Olawale Rasheed, Governor Adeleke countered the report, stating that he has not borrowed any money since assuming office.
Describing the report as fake, the governor clarified that what the report referred to as loans were actually World Bank development financing inherited from previous administrations.
He explained that all projects in the state, including road dualization, overhead bridges, school and health center upgrades, and various road projects, were being funded through special project accounts created by the state government.
The statement emphasized that Governor Adeleke has not borrowed any money since taking office, and inherited liabilities and contracts should not be attributed to him.
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