Allegations of foreign loans, fake news – Gov Adeleke

Osun State Governor, Ademola Adeleke, has described allegations that his medication had secretly secured overseas loans arsenic fake news, insisting that the summation successful the state's outer indebtedness banal was linked to inherited fiscal obligations.

This is arsenic Governor Adeleke besides denied taking immoderate overseas loans, either secretly oregon openly, since assuming bureau connected November 27, 2022.

Adeleke's clarification followed the latest outer indebtedness study released by the Debt Management Office, DMO, which showed that Osun's overseas indebtedness accrued by astir $26.56 cardinal betwixt December 2024 and June 2026.

According to the DMO report, "Osun State's full outer indebtedness stood astatine $101.70 cardinal arsenic of June 30, 2026, compared with $75.14 cardinal recorded connected December 31, 2024."

A breakdown of the figures showed that the state's multilateral indebtedness accrued from astir $67.60 cardinal successful December 2024 to $94.15 cardinal successful June 2026.

The study besides indicated a marginal summation successful bilateral debt, which roseate from approxi...