From Richard Akintade, Osogbo
Governor Ademola Adeleke did not receive any N8Bn as LAUTECH refund from the Oyo State government. Rather, the former Governor Oyetola government actually received N3.5bn and spent almost N2bn from the fund before leaving office.
Contrary to the fake news, according to the Spokesperson to Governor Adeleke, Mallam Olawale Rasheed, the Oyetola administration actually got a payment of
N3,500,000,000 from the Oyo State government as part of the LAUTECH settlement payment before leaving office.
“To put it more directly, the sum of N3,500,000,000 came in during the period of the last dispensation. The credit balance stood at N1,562,440,436.80
,One Billion, Five Hundred and Sixty Two Million, Four Hundred and Forty Thousand, and Four Hundred and Thirty Six Naira, as at November 30, 2022. It therefore means that the sum of N1,937,559,563.20 was expended during the last administration.
“From November 2022 till date, the Adeleke administration received only Five Hundred Million Naira on the LAUTECH refund since assumption of office.
“When added to the N3.5 Billion paid by Oyo government during the Oyetola administration, a total of Four Billion Naira has so far been received from Oyo state government by the Osun State government.
“The state spent part of the fund on ongoing infrastructure upgrade projects across the sectors of the state economy.
“As a transparent administration, all inherited and newly generated funds are properly managed by the state financial managers while state expenditures are drawn from the state accounts as stipulated in the Appropriation Act.
“Report of an alleged N8Bn payment on the LAUTECH settlement is therefore fake news from an opposition that has lost all its credibility and electability.
“Governor Ademola Adeleke remains committed to transparency, accountability and anti-corruption practices in the management of state resources. We call on the public to ignore the baseless report from those merchants of falsehood”, he stated.
