The Osun State Government says it has uncovered debt in salaries, pensions, and insurance commitments allegedly incurred by the administration of former Governor, Mr. Gboyega Oyetola amounting to N76 billion.
The Permanent Secretary, Ministry of Finance, Mrs. Bimpe Ogunlumade disclosed this while briefing officials of the new administration on the financial status of the state.
The disclosure was contrary to the claim by the former Governor that he left N14bn in cash for the new government among other claims that have now been found to be a falsehood.
The Permanent Secretary gave breakdown of the salaries and pension-related liabilities to include, Salary over N29bn, Pension Arrears of N45bn and Group Life Assurance Scheme amounting to N554m.
Spokesperson to the Governor, Mallam Olawale Rasheed in a statement said that the N76bn is not the total debt left by the past administration as briefings on other sources of liabilities continues.
Reporting by Funmi Adekoya; Editing by Annabel Nwachukwu