N7.6bn Oyo Loan: Makinde clarifies air on seeking legislative approval

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By Agency Report

Governor Seyi Makinde of Oyo State has clarified that the N7.6 billion loan collected from the Central Bank of Nigeria (CBN) was not fresh, but one his predecessor, former governor Abiola Ajimobi took.

Makinde explained that his administration only approached the House of Assembly on Thursday to seek approval to use the loan facility for purposes other than what it was originally meant for.

A statement issued on Friday by Mr Taiwo Adisa, the Chief Press Secretary to the governor, quotes Makinde as saying that the clarification was expedient to correct misconceptions that his administration was obtaining a fresh N7.6 billion loan.

Continue reading N7.6bn Oyo Loan: Makinde clarifies air on seeking legislative approval at Vanguard Nigeria.