A bombshell has rocked the Oyo State House of Assembly,where lawmaker representing Saki West State Constituency, ๐๐ก๐ข๐ญ๐ญ๐ฎ ๐๐๐ซ๐๐ก๐ข๐ฆ has alleged that a ๐๐๐๐ billion loan was approved for the Seyi Makinde-led administration in a secretive emergency sitting.
According to him, the loan was allegedly approved without proper consultation with all members of the House,questioning the justification for the loan, given the state’s recent increase in FAAC allocation.
He also alleged that, the loan approval process was marred by corruption and secrecy.He called for a thorough investigation into the matter, citing concerns about fiscal responsibility and transparency.
He ,however, revealed that,the House is currently on a recess, making the emergency sitting questionable.
โI want it to be in record that I, Hon Shittu Ibraheem, representing Saki West state constituency in Oyo State House of Assembly, am not among other lawmakers who approved a loan of 300 billion naira on 19th August 2025 and perfected on 26th of August 2025 in an emergency sitting during our 6-week recess.
โ๐๐ก๐ ๐๐จ๐ฎ๐ฌ๐ ๐ข๐ฌ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐จ๐ง ๐ ๐-๐ฐ๐๐๐ค ๐ซ๐๐๐๐ฌ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐ฎ๐ฅ๐ฒ ๐๐๐ฌ๐ญ ๐ญ๐จ ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐๐๐ญ๐ก, ๐๐๐๐. ๐๐ฎ๐ญ ๐๐ง ๐๐ฆ๐๐ซ๐ ๐๐ง๐๐ฒ ๐ฉ๐ฅ๐๐ง๐๐ซ๐ฒ ๐ฌ๐๐ฌ๐ฌ๐ข๐จ๐ง ๐ฐ๐๐ฌ ๐๐ซ๐ซ๐๐ง๐ ๐๐ ๐ญ๐จ ๐๐ฉ๐ฉ๐ซ๐จ๐ฏ๐ ๐ฌ๐ฎ๐๐ก ๐ ๐ฅ๐จ๐๐ง ๐ฐ๐ข๐ญ๐ก๐จ๐ฎ๐ญ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐ง๐ ๐ข๐ญ ๐ญ๐จ ๐๐ฅ๐ฅ ๐ฆ๐๐ฆ๐๐๐ซ๐ฌ
โLoan at this time when all states have more than enough. Oyo State now receives about a 500% increase in FAAC. Why take this loan? Why is the loan an emergency and why was the sitting not communicated to all the honorable members?โ he stated.