The All Progressives Congress (APC) Youth leader in Oyo state, Hon. John Aremu warned the state Governor, Seyi Makinde over any plan to punish Hon. Ibrahim Shittu over N300 billion new loan saga.
Recall that Hon. Shittu, lawmaker representing Saki West constituency raised alarm over fresh loan by the Oyo state government totalling 300 billion naira.
The lawmaker stated that he was neither informed of the August 19 emergency plenary nor involved in the House’s approval of it for the record.
While the government confirmed the 300 billion loan, it maintained that it’s neither new loan but was meant refinancing and infrastructure investment.
“What the House of Assembly approved is: N149 billion for refinancing — this means replacing an older, more expensive loan with a new facility on better terms, thereby reducing the state’s repayment burden.
“N151 billion for infrastructure investment and contractor financing — a structured arrangement that allows the government to fund ongoing and new projects while giving contractors the confidence to deliver on time”, the state government stated.
Reacting to the claim, Oyo APC Youth leader said the government should not have rushed to approve such a loan if it’s not “an unreasonable borrowing”.
Hon. Aremu also said if anything happens to the Saki West lawmaker, the state government will be held responsible.
He said:
“The Oyo state assembly shouldn’t have hurriedly approved the 300 billion naira fresh loan if it’s not unreasonable borrowing. They want to bury it, if not for Hon. Shittu who raised the alarm, no one would have known anything.
“If the loan is for the masses, why was it not published before Hon. Shittu exposed it? This question only has an answer, and every positive minded Oyo state people know the truth.
“The Oyo PDP-led government should not witch-hunt Hon. Shittu for exposing their incessant borrowing, and on this note, the safety and entitlements of the lawmaker should not be used as rod.
“If the safety or entitlement of our dear lawmaker is denied, the Governor of the state, Engr. Seyi Makinde will be held responsible for it.
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