APC, PDP Trade Words over Makinde’s N10 Billion Loan

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By Rebecca Akinkanju
The All Progressives Congress in Oyo state on Wednesday attacked the state house of assembly for approving N10 billion for Governor Seyi Makinde.
The APC in a press statement by its PRO, Dr. Abdul-Azeez Olatunde said the development showed the naivety of assembly members.
According to the party, Makinde had barely spent 55 days in office when the assembly approved the loan from three commercial Banks, for him.
It raised the following poser; can the decision to obtain such huge debt of #10 billion be taken without the state executive council in place?
“Has the state Budget been reviewed before the House of Assembly for the loan to be fixated to the expenditure framework component of the Budget?
“The manner of passing the Loan request clearly exposed the naivety of both the Executive and the Legislature of the Pacesetter State present government,” it queried.
In a swift reaction, the ruling Peoples Democratic Party in a statement by its Publicity Secretary, Akeem Olatunji said the loan was to be used to sanitize Oyo State from the odious mess caused by the previous regime of Governor Abiola Ajimobi, “therefore, the statement credited to APC is watery and baseless.
“We challenge APC to give details of loans obtained by the last administration of Ajimobi and clarify to the citizens exactly what those loans were used for.
“The era of taken loans and divert it to private pockets or keeping it in private accounts to yield interests and later share it among corrupt individuals is gone for good.
“The reckless statement credited to Oyo APC is a lazy approach to oppose a genuine effort to bail out the state from economic stagnation and infrastructural quagmire that was celebrated by the Ajimobi led APC government in the state,” the PDP said.

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