Don’t Grant Amosun Loans, Overdrafts, Ogun APC Warns Banks


The Ogun State chapter of the All Progressives Congress (APC) has warned banks against granting loans, overdrafts and other financial instruments to the administration of Governor Ibikunle Amosun.

The ruling party gave the warning in a statement issued by Tunde Oladunjoye, its State Publicity Secretary, on Monday.

Governor Amosun’s tenure ends on May 29, 2019, after serving two terms of four years as the highest elected political office holder in Ogun State.

According to the Ogun APC chapter, Governor Amosun has allegedly been pressurising banks to grant him loans and other financial incentives since Dapo Abiodun, the ruling party’s candidate, was declared as governor-elect of the state by the Independent National Electoral Commission (INEC).

The party wondered why the outgoing administration was still requesting for “injury-time” loans despite incurring a lot of deficit that would be borne by the incoming administration.

The statement warned that the incoming administration would not honour such loans not approved by the state House of Assembly.

The statement read: “It has come to our notice that the outgoing governor has been exerting pressures on banks and financial institutions to grant frivolous loans, overdrafts and other instruments immediately Prince Dapo Abiodun was declared governor-elect.

“We are equally aware that files and other sensitive government documents are being moved out of government offices on the order of the outgoing governor, His Excellency, Senator Ibikunle Amosun.

“It is therefore important to let it be known to the concerned public officers that it is part of their duties to protect public properties, including files, documents and information at their disposal, as anything contrary to this will be running foul of the laws and their oath of office. The allegiance of the civil servants is to Ogun State and not to any individual, no matter who.

“As for the banks, we want to state categorically that the incoming administration believes so much in the rule of law and due process.”

The statement added that “the (incoming) administration will not honour any obligation that did not follow due process or any loans that did not receive the prior approval of the state House of Assembly.

“According to the Federal Bureau of Statistics, Ogun State’s Internally Generated Revenue has increased by 590 per cent in eight years totalling N74, 835, 979, 000.51 (Seventy-four billion, eight hundred and thirty-five million, nine hundred seventy-nine thousand naira and fifty one kobo).

“Why the outgoing administration still wants “injury-time” loans despite those already incurred, beats one’s imagination and leaves much to be desired. The incoming administration will not honour such shady loans.”


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