From Lateef Dada, Osogbo

Osun State Authorities on Sunday faulted the declare by the ex-Finance commissioner of the State, Dr. Wale Bolunduro, concerning the funds of the State underneath Governor Adegboyega Oyetola, describing it as ‘misrepresentation of info and outright lies.”

Noting that the state underneath Oyetola administration will not be a spendthrift, the state authorities challenged the ex-Commissioner to be brave sufficient to inform the entire world the reality about his inglorious years in Osun the place one-month wage was paid 4 instances at intervals.

In an announcement signed by the State Commissioner of Info and Civic Orientation, Funke Egbemode, titled: “Wale Bolorunduro: An asset or full legal responsibility?,” the federal government stated, “to start with, his declare to have used his contacts to boost funds to modernize Osun will not be solely false but in addition ridiculous.

“For God’s sake, how can a single member of a State cupboard underneath the management of a Governor arrogate such glory to himself? For example, he claimed to have used his relationship with the Governor of Central Financial institution (‘my former boss’, he stated) to facilitate a two billion naira revolving fund for micro, small and medium farmers, merchants and artisans ‘with out issuing an ISPO, for any month-to-month deductions from FAAC.

“Nothing could be farther from the reality. The stated quantity was disbursed by the Federal Authorities via the CBN to all of the states of the federation underneath the Micro, Small and Medium Enterprises Fund, MSMEDF.

“For readability function, the referenced fund was really put in place by the FG to galvanise entrepreneurship actions throughout all of the states within the nation! In Osun, consistent with the necessities of the fund, Osun Micro Credit score Company (OMCA) was employed as a car to entry the mortgage in 2014.

“Opposite to Bolorunduro’s declare nonetheless, an ISPO was really issued by him on the State’s native authorities’s accounts, and the referenced funding was additional supported by a Financial institution Assure amongst different comforts. The previous commissioner was merely struggling to sidestep the truth that the State’s finance was in a really precarious state of affairs such that the required ISPO couldn’t be accommodated on the State’s Statutory account.

“Bolorunduro must be reminded additional of the unhealthy situation he left the State’s funds as a result of his many unhealthy monetary choices and unwholesome practices resulting in unsustainable degree of money owed within the State at the moment.

“Thus far, the State continues to be lacking alternatives notably from growth companions on the account of the unhealthy place of the State’s finance arising from Bolorunduro’s unpopular stewardship.”