• Latest
  • Trending
  • All
Makinde Appoints Chairmen For OYSROMA, Pacesetter Transport Service

N3.4bn Debt: What Accountant-General Meant In Her Letter To Banks – Oyo Govt Explains

January 8, 2024
George Aid Foundation Distributes June Food Palliatives to Ifedapo Olomi Residents in Ibadan

George Aid Foundation Distributes June Food Palliatives to Ifedapo Olomi Residents in Ibadan

June 19, 2026
NUJ, RATTAWU BCOS Cry Betrayal, Seek Investigation into Image Leak at Peace Meeting

NUJ, RATTAWU BCOS Cry Betrayal, Seek Investigation into Image Leak at Peace Meeting

June 19, 2026
5 Feared Dead As Hoodlums, Masquerade Clash in Ibadan

Ibadan Egungun Festival Begins Sunday June 21

June 19, 2026
Oyo AAC Condemns Revocation of Sowore’s Bail, Accuses Judge of ‘Lawfare’

Oyo AAC Condemns Revocation of Sowore’s Bail, Accuses Judge of ‘Lawfare’

June 19, 2026
LG Election: OYSIEC Distributes Guidelines, Sets Primaries for June 29 – July 27

LG Election: OYSIEC Distributes Guidelines, Sets Primaries for June 29 – July 27

June 19, 2026
Oyo 2027: APM Unveils Ogbomoso-born Muftau Open Salawu as Deputy Guber Candidate

Oyekunle ‘Don’ Hails Emergence of Open Salawu as APM Deputy Guber Candidate

June 18, 2026
Oyo Assembly Service Commission Pledges Improved Performance, Presents Annual Report

Oyo Assembly Marks 3rd Anniversary With 36 Laws, 276 Resolutions Passed

June 18, 2026
Akinyele’s Turn or APC’s Risk? Rotation, Reality and Representation in Lagelu/Akinyele Federal Constituency

LG Election: We Will Not Participate – Oyo APC

June 18, 2026
Makinde Confirms Killing of Teacher, Injuries to Security Operatives in Oriire Rescue Effort

Oriire Abduction: Makinde’s Response Reflects Leadership Needed in Security Crises – OID

June 18, 2026
God Reveals Oyebanji Will Retain Ekiti Governorship — Prophet Ajilore

God Reveals Oyebanji Will Retain Ekiti Governorship — Prophet Ajilore

June 18, 2026
Oyo 2027: APM Unveils Ogbomoso-born Muftau Open Salawu as Deputy Guber Candidate

Open Salawu’s Emergence As Deputy Guber Candidate Reflects Competence, Inclusiveness – Oyo LG Chairmen

June 18, 2026

What Are Synthetic Indices in Forex? Types, Risks, and Trading Tips

June 18, 2026
">
ADVERTISEMENT
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
Friday, June 19, 2026
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
No Result
View All Result
No Result
View All Result

N3.4bn Debt: What Accountant-General Meant In Her Letter To Banks – Oyo Govt Explains

by Deji Moore
January 8, 2024
in Political News
0
Makinde Appoints Chairmen For OYSROMA, Pacesetter Transport Service

RelatedPosts

NUJ, RATTAWU BCOS Cry Betrayal, Seek Investigation into Image Leak at Peace Meeting

Oyo AAC Condemns Revocation of Sowore’s Bail, Accuses Judge of ‘Lawfare’

LG Election: OYSIEC Distributes Guidelines, Sets Primaries for June 29 – July 27

The Oyo State Government has said that the Accountant-General of the State, Mrs Kikelomo Adegoke, did not contradict the position of the governor, Seyi Makinde, on the payment of judgment debt to former local government chairmen and councillors.

Reports in a section of the media had twisted the contents of a letter sent to some banks by the Accountant-General, claiming that she contradicted the governor’s stance that the state had no money to defray the judgment debt.

ADVERTISEMENT

But the state government clarified that the letter, which was sent to the banks in respect of the garnishee order placed on the state’s account in 10 commercial banks by the Federal Capital Territory High Court in December 2023, was consistent with Governor Makinde’s position.

The state government said, “In the letter, the Accountant-General informed the affected banks that the Oyo State Joint Local Government Allocation Account domiciled with First Bank of Nigeria, had already been put on lien to the tune of N3,425,300,000, being the total amount of the judgment debt.

“Having adequately provisioned for the debt, it is therefore both unconscionable and inequitable for nine other banks to do the same in the circumstances.

ADVERTISEMENT

“This is in fact, consistent with Governor Makinde’s position.

“While speaking on the Broadcasting Corporation of Oyo State (BCOS) on 23 December 2023, Makinde said although the state had already made provision for the judgment debt, the money would not be paid until the Supreme Court responded on the clarification, which the Oyo State Government had sought from the apex court.

“It is unfortunate that some misguided individuals intent on creating an imaginary division within the Oyo State Government have coloured the contents of the letter to make it seem like Makinde lied.”

It added that the governor has neither said the state will not pay the debt nor that the state had no money to pay, but that the process of the law would be followed to a logical conclusion to avoid paying Oyo State’s money to wrong people.

“For the avoidance of doubts, Governor Makinde has not said that the state will not pay the judgment debt nor did he say the state does not have the funds to pay.

“Rather, the position of the governor is that the whole process of the law must be pursued to a logical conclusion before the money is paid to avoid the state’s fund getting into the wrong hands,” the statement added.

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Threads (Opens in new window) Threads
  • Email a link to a friend (Opens in new window) Email
  • Share on Bluesky (Opens in new window) Bluesky

Like this:

Like Loading…
Previous Post

School Resumption: Oyo Govt Warns Principals, Teachers Against Collection of Illegal Fees

Next Post

Zaach Adedeji At 46: You Are A Blessing To Humanity – Oyo NUJ Felicitates FIRS Boss

Deji Moore

Deji Moore

Related Posts

NUJ, RATTAWU BCOS Cry Betrayal, Seek Investigation into Image Leak at Peace Meeting

NUJ, RATTAWU BCOS Cry Betrayal, Seek Investigation into Image Leak at Peace Meeting

by Ayo Mukhail
June 19, 2026
0

The leadership of the Nigeria Union of Journalists (NUJ), BCOS Chapel, and the Radio, Television, Theatre and Arts Workers Union...

Oyo AAC Condemns Revocation of Sowore’s Bail, Accuses Judge of ‘Lawfare’

Oyo AAC Condemns Revocation of Sowore’s Bail, Accuses Judge of ‘Lawfare’

by Ayo Mukhail
June 19, 2026
0

The African Action Congress (AAC), Oyo State Chapter, has condemned the revocation of bail and issuance of a bench warrant...

LG Election: OYSIEC Distributes Guidelines, Sets Primaries for June 29 – July 27

LG Election: OYSIEC Distributes Guidelines, Sets Primaries for June 29 – July 27

by Adebola Sanmi
June 19, 2026
0

The Oyo State Independent Electoral Commission (OYSIEC), led by its Chairman, Dr. Afeez Adeniyi, on Thursday, held an interactive meeting...

Oyo 2027: APM Unveils Ogbomoso-born Muftau Open Salawu as Deputy Guber Candidate

Oyekunle ‘Don’ Hails Emergence of Open Salawu as APM Deputy Guber Candidate

by Olayi Abide
June 18, 2026
0

The Federal Lawmaker representing Ibadan North Federal Constituency and Candidate of the Allied Peoples Movement (APM), Hon. Folajimi Oyekunle (DoN),...

Next Post
Zaach Adedeji At 46: You Are A Blessing To Humanity – Oyo NUJ Felicitates FIRS Boss

Zaach Adedeji At 46: You Are A Blessing To Humanity - Oyo NUJ Felicitates FIRS Boss

Please login to join discussion

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

Copyright © 2025 Inside Media

Navigate Site

  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview

Copyright © 2025 Inside Media

%d