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Osun Is Indebted To The Tune Of N407.32 Billion – Governor Adeleke

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Ademola Adeleke Becomes Sixth Executive Governor of Osun State

 

Osun State Governor, Ademola Adeleke has disclosed that the state is indebted to the tune of N407.32 billion.

Briefing traditional rulers at their monthly meeting at traditional rulers chamber inside the State Government Secretariat on Thursday, the Governor said his predecessor must explain why the state is owing salaries and pensions to the tune N76 billion having gotten N50 billion as bail out for salary.

He said the state owed N331.32 billion while salaries and pensions owed workers amount to N76 billion.

Adeleke explained that the repayment period for the loan facilities ranges from 16 months to about 28 years.

“My good people of Osun state, the total loan stock as of today is N331.32 Billion.

“If the N76 billion debt on salaries and pension are added, the state is indebted to the tune of N407.32 billion. The amount owed to contractors is yet to be determined.

“The only fund in government coffers, as of Monday 29th November, was for November 2022 Salary. Otherwise, the state treasury was empty.

“As your governor, I will ask questions on your behalf. And will demand answers,” Adeleke told the traditional rulers.

He added, “Governor Oyetola must explain how the N331 Billion borrowed in the name of Osun State was expended, with no obvious infrastructural development to justify this huge debt.

“Governor Oyetola must explain how the N18 Billion Bridge Loan taken after he lost the election on July 16, 2022, was expended.

“Governor Oyetola must also explain why Osun state is owing salaries and pension to the tune of N76 Billion after collecting a N50 Billion Salary Bail Out Loan from the Federal Government

“The creditors, especially the Commercial Banks must explain why various loans were given to an administration beyond its 4-year tenure. 28 years is equivalent to the tenure of at least four governors. A child that is born today would have earned a Ph.D. at 28 years of age. This is nothing but mortgaging the future of Osun State with nothing to show for it. This is definitely not acceptable.”

 

According to his statement, while the loans categorized under Budget Support Facility, Salary Bail Out Loan, Restructured Commercial Bank Loans, Excess Crude Account (ECA) Loan, CBN Infrastructure Loan, FGN Intervention Loan, already have a repayment structure plan ranging from 17 months for FGN Intervention Loan, to as much as 27 years and 9 months for the Budget Support Facility loan, the Foreign loans: $86.2m have no repayment plan information and the FGN Bridge Finance Facility took out after July 16th, 2022 to the tune of N18.04 Billion, after the ex-governor had lost his reelection bid, also has no repayment plan.

According to Governor Adeleke, “Not one kobo of these loans were left in Government Coffers, when the Deputy Governor and I resumed work on Monday 29th November 2022. No explanation on how the loan was expended.”

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June 20 Polls: INEC Presents Certificates of Return to Elected Candidates

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INEC Officials Held Captive Over Missing Declaration Form

The Independent National Electoral Commission (INEC) has presented Certificates of Return to candidates who emerged victorious in the June 20, 2026, bye-elections conducted across Rivers, Enugu, Nasarawa, Ondo and Kano states.

The commission announced the development in a statement shared on its official X platform on Tuesday, confirming the formal recognition of the successful candidates as duly elected representatives.

The certificates were presented on behalf of the INEC Chairman, Joash Amupitan, by the Supervising National Commissioner for Rivers State, May Agbamuche-Mbu.

READ ALSO: Ondo By-Election: INEC Breaks Silence on BVAS Issues, Result Upload Process

Speaking during the presentation ceremony, Agbamuche-Mbu congratulated the winners and urged them to justify the confidence reposed in them by their constituents through effective representation and responsive leadership.

She noted that the primary duty of elected officials is to serve the people faithfully and ensure that the interests of their communities are adequately represented at all times.

According to her, voters have entrusted the successful candidates with a mandate that comes with responsibility, accountability and dedication to public service.

“The primary responsibility of elected officials is to serve the people diligently and ensure their interests are well represented,” she said.

INEC stated that the issuance of the Certificates of Return officially affirms the candidates as winners of their respective elections and marks the conclusion of the electoral process.

The electoral body further disclosed that Certificates of Return would also be presented to winners of the Kebbi State House of Assembly election for Zuru Constituency as well as the Ekiti State governorship election.

It added that National Commissioners representing the affected constituencies conducted the presentations, formally confirming the elected candidates as duly returned winners.

The commission expressed optimism that the newly elected officials would work towards improving the welfare of their constituents and contribute positively to democratic governance in their respective states.

The June 20 bye-elections were held to fill vacant elective positions across several states, with INEC overseeing the conduct of the polls and subsequent declaration of winners.

The presentation of the Certificates of Return now paves the way for the successful candidates to assume office and begin carrying out the responsibilities attached to their mandates.

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Oyebanji Wins Ekiti Guber Election in Landslide Victory

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Governor Biodun Oyebanji of Ekiti State

The Independent National Electoral Commission (INEC) has declared Governor Biodun Oyebanji of the All Progressives Congress (APC) the winner of the 2026 Ekiti State governorship election, securing another four-year term in office.

The Returning Officer for the election, Professor Adenike Oladiji, announced the result at about 3:13 a.m. on Sunday after the completion of collation from the state’s 16 local government areas.

According to the results, Oyebanji polled 319,224 votes to defeat his closest challengers.

READ ALSO: Ekiti Poll Shock: ADC Candidate Loses Home Ward to Oyebanji

The candidate of the Peoples Democratic Party (PDP), Oluwole Oluyede, secured 40,543 votes, while Dare Bejide of the African Democratic Congress (ADC) garnered 12,872 votes.

Oladiji disclosed that 384,940 voters were accredited for the election, while 375,777 valid votes were recorded. She added that 6,332 votes were rejected, bringing the total votes cast to 382,109.

The declaration ended a closely watched governorship contest that saw voters across Ekiti State head to the polls on Saturday amid a generally peaceful atmosphere.

Despite the successful conduct of the election, reports of technical challenges and allegations of irregularities emerged from some polling units.

INEC said all 2,445 polling units designated for the election opened for voting.

According to the commission, 2,257 polling units, representing 92.31 per cent, opened before 8:30 a.m., while 188 polling units experienced minor delays but commenced voting before 10:30 a.m.

The electoral body also began uploading polling unit results to its Result Viewing Portal (IReV) after voting and counting were completed in several locations.

During the election, PDP candidate Oluwole Oluyede raised concerns over developments at Ugele/Arokun Ward in Ikere Local Government Area.

Speaking to journalists after casting his vote at Polling Unit 006, he alleged that many voters were unable to vote because of challenges associated with the Bimodal Voter Accreditation System (BVAS).

Oluyede also alleged voter harassment and intimidation in the area.

Earlier, some elderly voters at the same polling unit expressed frustration after they were unable to complete accreditation due to BVAS issues and called on INEC to urgently address the problem.

ADC candidate Dare Bejide also alleged irregularities during the election.

However, Governor Oyebanji dismissed the allegations and insisted that those making such claims must provide evidence.

The governor, who voted at Polling Unit 003, Okelele, Ikogosi-Ekiti, in Ekiti West Local Government Area, described the conduct of the election as satisfactory and encouraged eligible voters to participate peacefully in the democratic process.

Similarly, the Commissioner of Police in charge of the election, CP Abayomi Shogunle, stated that no case of vote-buying was reported to security agencies during the poll.

Voting ended before 3 p.m. in many polling units, after which sorting and counting of ballots commenced. However, some locations experienced minor disruptions.

At Polling Unit 008 in Ugele/Arokun Ward, Ikere Local Government Area, sorting and counting reportedly became rowdy as party agents and supporters disagreed over the validity of some ballot papers.

At Polling Unit 006, where the PDP candidate voted, voting was still ongoing as of 4 p.m. due to delays caused by accreditation challenges.

Security personnel later intervened to restore order when the situation became tense.

Election observers generally commended the peaceful conduct of the exercise while raising concerns about some procedural issues.

First Vice President of the Nigerian Bar Association (NBA), Sebastian Anyia, described the process as peaceful and orderly, expressing optimism that the smooth conduct witnessed during accreditation would continue throughout the election.

The Chief Executive Officer of the Nigerian Women Trust Fund, Brenda Anugwom, praised the determination shown by female voters.

“The women are so resilient; in front of me at the other polling unit, they are laying their blankets on the floor and placing their toddlers, which means they are here to stay; they mean business, and they really want to cast their vote,” she said.

Meanwhile, election monitoring group Yiaga Africa raised concerns over what it described as discrepancies between ballot papers, result sheets and INEC’s published list of candidates.

In a statement signed by Aisha Abdullahi, Chair of the 2026 Ekiti Election Observation Mission, and Executive Director of Yiaga Africa, Samson Itodo, the organisation said:
“Yiaga Africa is observing the Ekiti State governorship election, and our preliminary findings raise serious concerns about the consistency of the materials INEC has deployed.”

The group warned that the inconsistencies could create confusion during voting and collation processes.

Reacting to the concerns, INEC explained that 19 political parties were included on the ballot paper to avoid the cost of printing fresh ballot papers following court orders and other administrative changes.

Ahead of the election, INEC repeatedly assured residents of its readiness to conduct a credible and transparent poll, while security agencies stated that extensive preparations had been made to ensure a peaceful exercise.

The Nigeria Police Force led a multi-agency security operation across the state, deploying personnel to polling units, collation centres and other strategic locations.

Authorities also imposed restrictions on vehicular movement during voting hours and warned political actors against violence, vote-buying and other electoral offences.

With the declaration of the final result, Oyebanji has secured a second term as governor of Ekiti State after recording a decisive victory over his opponents in the governorship election.

Election Results

Biodun Oyebanji (APC) – 319,224 votes
Oluwole Oluyede (PDP) – 40,543 votes
Dare Bejide (ADC) – 12,872 votes

Election Statistics

Accredited Voters: 384,940
Valid Votes: 375,777
Rejected Votes: 6,332
Total Votes Cast: 382,109

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Ekiti Poll Shock: ADC Candidate Loses Home Ward to Oyebanji

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Governor Biodun Oyebanji of the All Progressives Congress (APC) has recorded an early lead in the ongoing Ekiti State governorship election after defeating the African Democratic Congress (ADC) candidate, Dare Bejide, in his polling unit and ward.

The result was declared at Polling Unit 004, Ward 2, Ekiti South-West Local Government Area, where Bejide hails from.

The ward is also shared with IT expert and politician Makinde Araoye.

ALSO READ: Oyo APC Rejects LG Election, Says Makinde Wants to Rule by Proxy After Exit

According to the results announced, Oyebanji polled 140 votes, while Bejide secured 37 votes.

The Peoples Democratic Party (PDP) recorded 2 votes.

Result breakdown for PU 004, Ward 2:
APC: 140 votes
ADC: 37 votes
PDP: 2 votes

The outcome handed the APC an early advantage as collation of results continues across the state under the Independent National Electoral Commission (INEC).

The result is seen as significant because Bejide lost in his own polling unit, an area expected to favour him as a native of the ward.

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