Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Panel indicts Oyinola

01 November 2012, 13:08

Osun - Former Gov. Olagunsoye Oyinlola of Osun was guilty of leadership failure, the Commission of Inquiry set up by the state government to investigate a loan of N18.38 billion by his administration, said in its report.

The commission which was chaired by Prof. Femi Odekunle, was set up by  Gov. Rauf Aregbesola in September and mandated to investigate the circumstances surrounding the procurement of the  loan from  United Bank of Africa Plc.

The government also mandated the panel to investigate the conduct of Oyinlola, among other issues. 

The commission, which submitted its report to Aregbesola in Osogbo on Wednesday, blamed the former governor for heeding the advice of the state assembly at a ``non-emergency circumstance’’.

The panel recommended sanctions for the former governor for heeding the advice of the defunct State House of Assembly to take the loan at a ``non-emergency circumstance”.

The panel also recommended that Oyinlola be sanctioned for ``irrational application of parts of such loan and for directing certain obvious reckless disbursement of the loan”.

It blamed the former governor for approving an ``unthinking Memorandum of Understanding that had turned out to be a fraud against the state”.

It also recommended sanctions for the former Head of Service, Mr Segun Akinwusi, and former Permanent Secretary, Ministry of Finance and Economic Planning, Mr Abiodun Akintaro.

The report blamed the two for failing to advise the former governor during deliberative meetings on the loan which they attended.

It indicted Akinwusi for denying his participation in the deliberations in the memorandum to Aregbesola as well as his oral submission under oath at the commission.

The report said that Mr Adejare Bello, the Speaker of the state assembly at the time, ought to have convoked a public hearing on the matter as a matter of public interest following the resentment of  the opposition members in the house on the matter.

Aregbesola expressed the government's appreciation to members of the commission for their zeal, passion and commitment to duty.

The governor promised that as soon as the report was reviewed and approved by the Government in Council, a white paper would be issued.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...