Beware of Aregbesola – PDP cautions AFDB over loan request

The Osun State chapter of the Peoples Democratic Party (PDP) has
warned the African Development Bank (AFDB) against granting a loan
request by the Rauf Aregbesola-led administration.


It alleged that the money would be diverted.

PDP, in a press statement signed by its State Chairman, Hon. Soji
Adagunodo, made available to DAILY POST on Thursday alleged that
Governor Aregbesola was deceiving the bank, with a covert intent of
diverting the loans for election purpose.


According to Adagunodo, the PDP became worried based on the "desperate
move "by the APC government to acquire additional loans less than 6
months to the expiration of the administration, and as a result
complicate the state's indebtedness."

The party further knocked Governor Aregbesola for allegedly displaying
technical education equipment which were bought by the Oyinlola
administration in 2009 as if they were freshly procured.

"Those equipment had been locked up by the Aregbesola administration
since it aborted the project started by the PDP for the upgrade of our
technical colleges but hurriedly brought out in order to deceive the
AFDB team and convince them on the need to grant this fresh loan
request.


"We have no doubt in our minds that what the governor is in a hurry to
do is to secure the AFDB loan as fresh billions of Naira which will be
squandered on his desperate attempt to install his stooge at the
forthcoming governorship election.

"We consider it highly expedient to alert the African Development Bank
to the present state of insolvency of Osun state occasioned by the
financial recklessness of the APC government and as confirmed by
several notable credit rating organisations.

"We also wish to warn top civil servants, especially those saddled
with the Management of state finances to refrain from doing anything
that will further compound the woes of Osun state by this expiring
administration because they will also be called to account for any
malfeasance committed by the APC government especially in its dying
days", Adagunodo said.

PDP described the inclusion of the Airport project in the list of
projects to be executed with the new loans as very unfortunate,
alleging that over N15 billion naira expended on the project could not
be accounted for.