
The immediate past Commissioner for Finance in Ogun State, Mr Adewale
Oshinowo, has challenged Governor Dapo Abiodun to say the truth about
the N58.4 billion debt, which appeared to have been incurred within 18
months of his administration.
reports that the latest report published by the Debt
Management Office (DMO) showed that Ogun State’s domestic debt profile
had increased from N95 billion in June 2019 to over N153 billion in
December 2020.
However, Governor Abiodun had in a reaction on Monday denied borrowing N58 billion in 18 months.
He accused former Governor Ibikunle Amosun’s government of not
disclosing N50 billion in unpaid pensions, gratuities and outstanding
staff salaries, which he claimed were added to the debt profile to
arrive at the N153 billion published by the DMO.
Reacting in a statement, the former Finance Commissioner, Oshinowo
said the previous government did not want to join issues with the
current administration in Ogun State.
However, he said, “the State Government, in its wisdom, chose to call
us out with its tons of lies and misinformation carelessly crafted to
obfuscate issues and concerns raised by the Debt Management Office (DMO)
in the just-released Data on Debt Figures of the 36 States of the
Federation and the FCT, where the figures showed the Ogun State’s
skyrocketing debt at a time when by general acclaim, nothing is on the
ground to justify such huge debt.”
According to him, “the claims of the Ogun State Government on the
issue of its debt profile are deliberate lies. The alibi offered by Ogun
State Government in response to the DMO report is a laughable red
herring that bothers on financial illiteracy and calculated mischief.
”They were lies spurned to cover up inexplicable inadequacies.”
“For the records, and particularly for the benefit of our people and
posterity, we say clearly that we did not owe or leave any liability not
captured in our end of tenure and handover report. We said that much
and laid out the figures during an earlier publication on September 28,
2020, made in response to Ogun State Government claims on the workers’
general strike.
“It appears that the Dapo Abiodun administration has the penchant to
wish away issues and crisis by simply hanging same on the necks of the
immediate past administration. Like they say in popular parlance, things
never work or get resolved by buck-passing,” the former Commissioner
stated.
Oshinowo maintained that “the Government of Ogun State should be
sincere and factual to tell the good people of Ogun State the truth on
the N58.4bn difference between June 2019 after we left office and
December 2020 and how much debt it has accumulated in the period under
review.”
He urged Ogun people to “wait for DMO figures by June 2021 and
December 2021 when all the lies and manipulations of the present
Administration will further come to light.”
Our Position, as contained in a publication authored by Mr Tokunbo
Talabi, Secretary to State Government dated Thursday, 17 September 2020,
the records, notes and accounts detailed in our End of Tenure report
were validated in paragraph 1.1 of the publication. What is more, the
same records were captured in the Ogun State Government returns to the
DMO save for the two columns on Pensions and Gratuity arrears, and
Salaries arrears and other claims. Deliberatively, and with a purpose to
serve, these two heads contained misleading records and returns
designed to mislead.
”For clarifications, our Administration cleared 18 months arrears of
deductions and 3 months of unpaid salaries owed by the Administration
that we succeeded. For other agencies and tertiary institutions, we
cleared several months in arrears, in some instances two years and more.
”Relatedly, we paid full salaries, pensions and other emoluments
between 29 May 2011 to 29 May 2019. The records also show that
verifiable gratuities arrears owed by us stood at N22.48 billion, out of
which N10.8 billion was released to the current Administration in the
first week of July 2019. By the time we align these figures, the net
outstanding liability on gratuity left by our Administration was below
N12 billion. Save for the two queried columns, our figures tally with
the accounts of Ogun State Government as contained in its publication
under reference and with DMO figures.
“With all due respect, we invite the current Administration to come
clean of how much they had paid in gratuity since they took office, and
more importantly, how much more they had accumulated. If for instance,
the DMO records show that Ogun State Government already owed N10.839 in
salary arrears as of December 2020, it is left to see what the figures
will climb to in December 2021.
“The DMO mandate typically covers and reports on institutional debts
and long-tenured structured loans (between 10 and 20 years) not
operational and routine obligations like salaries, pensions and
gratuities. We are curious as to the true intentions of the Ogun State
Government in this attempt to transfer these routine obligations to DMO.
Were they deliberately accumulating debt stock to prepare the grounds
for more liabilities? Time will tell.
“For us, we stand by our figures as contained in our Hand Over notes
and End of Tenure report. We do not want Ogun stakeholders and the
general public to be misled or fed cruel lies by an Administration that
is inwardly and outwardly deficient in governance and idea.”