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Osun’s debt not as big as rumoured, Aregbesola says, vows repayment by 2019

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Osun State Governor, Mr. Rauf Aregbesola, has said that the state’s debt profile is not as huge as the “opposition parties” claim.

The governor maintains that the state currently owes N143.6bn debt, and not N300bn or N500bn “which some of the members of the opposition parties are claiming the state owes.”

Aregbesola also vowed that the government would clear the entire debts by 2019.

His tenure expires on November 26, 2018.

The governor, according to a statement made available to our correspondent in Osogbo on Monday by the Commissioner for Information, Mr. Adelani Baderinwa, disclosed this during an all-night interactive programme with the people of the state.

Baderinwa reiterated that the debt profile of the state was not as huge as the various figures the opposition parties were dishing out; saying that the Aregbesola administration borrowed to “positively develop the state.”

Earlier, when asked to confirm the exact amount the state owed, Aregbesola directed the question to the Accountant-General of the State, Mr. Kolawole Akintayo, and asked him to respond.

Akintayo said that Osun State’s total indebtedness was N143.6bn — and not N300bn or N500bn as claimed by some members of the opposition parties.

Akintayo said, “Total debt of the State of Osun was N171.4bn in the last seven years. A sum of N28bn has been paid, leaving a balance of N143.6bn debt.”

Aregbesola, who corroborated the accountant-general’s figure, said the state would repay the debt fully by 2019.

“Osun will settle all the debts in 2019. There will be no kobo left of the N30bn conventional loan in 2019; and by September 2020, N11.4bn Sukuk would have been settled,” the governor said.

But the Chairman of the Peoples Democratic Party in the state, Mr. Soji Adagunodo, disagreed with the debt figure given by the governor and the accountant-general, saying there were some funds borrowed by the administration which were not added to the debt profile.

Adagunodo said that Osun State would continue to repay some of the funds borrowed for the next 23 years.

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BREAKING: Appeal Court Rules VIO Cannot Stop or Impound Motorists’ Vehicles

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The Court of Appeal in Abuja has affirmed the October 4, 2024 judgment of a Federal High Court in Abuja barring the Directorate of Road Traffic Services (popularly called VIO) from further stopping, impounding, or confiscating vehicles on the road and imposing fines on motorists.

In a judgment on Thursday, a three-member panel of the appellate court resolved the three issues identified for determination against the appellant, the Directorate of Road Traffic Services.

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Justice Oyejoju Oyebiola Oyewumi, who delivered the lead judgment, held that the appeal was without merit. She awarded a cost of N1million against the appellant and in favour of the respondent, a rights activist and public interest attorney, Abubakar Marshal.

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Breaking : Ex-CDS Musa Gets Tinubu’s Nod for Defence Minister Role

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President Bola Tinubu has nominated a former Chief of Defence Staff, General Christopher Musa, as the new Minister of Defence.

The nomination was conveyed in a letter sent to Senate President, Godswill Akpabio, on Tuesday, announcing Musa as the replacement for Mohammed Badaru, who resigned from the position on Monday due to health reasons.

In his letter to the Senate, the President expressed confidence in Musa’s capacity to lead the defence ministry and strengthen Nigeria’s security framework.

The nomination was confirmed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

The statement added, “General Musa, 58, on December 25, is a distinguished soldier who served as Chief of Defence Staff from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.

“Born in Sokoto in 1967, General Musa received his primary and secondary education there before attending the College of Advanced Studies in Zaria. He graduated in 1986 and enrolled at the Nigerian Defence Academy the same year, earning a Bachelor of Science degree upon graduation in 1991.

“General Musa was commissioned into the Nigerian Army as a Second Lieutenant in 1991 and has since had a distinguished career.

“His appointments include General Staff Officer 1, Training/Operations at HQ 81 Division; Commanding Officer, 73 Battalion; Assistant Director, Operational Requirements, Department of Army Policy and Plans; and Infantry Representative/Member, Training Team, HQ Nigerian Army Armour Corps.

“In 2019, he served as Deputy Chief of Staff, Training/Operations, Headquarters Infantry Centre and Corps; Commander, Sector 3, Operation Lafiya Dole; and Commander, Sector 3 Multinational Joint Task Force in the Lake Chad Region.

“In 2021, General Musa was appointed Theatre Commander, Operation Hadin Kai. He later became Commander of the Nigerian Army Infantry Corps before being appointed Chief of Defence Staff by President Tinubu in 2023.”

Newsthumb had earlier reported that Badaru, who was appointed Minister of Defence on August 21, 2023, cited ill health in his resignation letter.

A statement by Onanuga added that Tinubu had accepted the resignation and thanked him for his service to the nation.

The statement further noted, “President Tinubu will likely inform the Senate of Badaru’s successor later this week.

“His resignation comes amid President Tinubu’s declaration of a national security emergency, with plans to elaborate on its scope in due course.”

Badaru recently came under criticism following a BBC Hausa interview in which he said some terrorists could not be targeted because their forest hideouts were too dense for bombs to reach.

Stephen Angbulu
With three years of experience, Stephen, The PUNCH correspondent, has been covering Nigeria’s presidency, politics, security, immigration and trafficking in persons

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Global Powers Back Nigeria’s War on Terror — Ribadu Confirms Support from US, UK, France

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The National Security Adviser, NSA, Mallam Nuhu Ribadu, yesterday disclosed that the international community was standing firmly with Nigeria in the fight against terrorism, with the United States, France and the United Kingdom already providing technical support to ongoing security operations.

Ribadu spoke in Kontagora, Niger State, during a visit to the Chairman of Christian Association of Nigeria, CAN, Northern Region, Bishop Bulus Yohanna, alongside distraught parents of pupils abducted from St. Mary’s Private Catholic School, Papiri.

He said President Bola Tinubu was deeply troubled by the incident and had directed security agencies to deploy all necessary resources to ensure the safe return of the abducted children.

Speaking to Christian leaders and parents who gathered at St. Michael’s Catholic Cathedral, Ribadu said: “This is a painful period for all of us but I want to assure you: we will rescue your children. The President is deeply concerned and has directed that everything necessary must be done.”

The NSA, accompanied by the Minister of Humanitarian Affairs and Poverty Alleviation, Bernard Doro; Director-General of the Department of State Services, Oluwatosin Ajayi; and CAN Northern Region Chairman, Joseph Hayab, said operations had been intensified to secure the children’s release.

He conveyed President Tinubu’s message of solidarity and resolve, noting that the President had suspended official engagements, including a scheduled trip, to focus on the matter.

Ribadu added that the Federal Government was taking full responsibility for restoring security in the affected communities.

He commended Bishop Yohanna for his leadership and calmness in a period of deep anxiety, assuring that Nigeria was not alone in the battle against terror.

“The whole world stands with us. This evil will not prevail. Your children will come back safely. That is our solemn promise,” he said.

Ribadu stressed that rescue operations would not slow down until the pupils were safely reunited with their families.

Earlier, Bishop Yohanna expressed gratitude to the Federal Government for the visit, saying it had renewed hope among families traumatised by the attack. He noted that the show of support demonstrated the government’s commitment to protecting citizens.

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