Governor Seyi Makinde of Oyo State had said his government uncovered N150bn debt owed by his predecessor, Abiola Ajimobi.
Makinde, who disclosed this during a media chat on the Broadcasting Corporation of Oyo State to mark his one month in office, threatened to expose Ajimobi if he continued to disturb his administration.
He said a sum of N1.3bn seized from past government officials by the Federal Government would be retrieved to tackle some education sector problems, assuring the residents that he won’t be perturbed in executing his campaign promises made to the people.
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He said, “We have confirmed N150bn debt so far. We are still working to discover more. Some of them may be questionable. If you take bond, it is always tied to a particular project. If we want, we can do value-for-money audit.
“Our focal point is how to strengthen the economy of the state so that all and sundry will prosper. But I will expose them if they don’t want to stop disturbing us. When we do, they won’t be able to move on the streets.”
Also, the governor lamented that the state received N4.5bn federal allocation while salaries and pensions stood at N5.4bn, leaving the state with a shortfall of about N1bn monthly.