The Osun state government has uncovered a monumental debt in salaries, pensions, and insurance commitments incurred by the administration of Mr. Gboyega Oyetola amounting to N76 billion.
This revelation was made by the Permanent Secretary, Ministry of Finance, Mrs. Bimpe Ogunlumade, while briefing officials of the new administration on the financial status of the state on Thursday.
The disclosure was contrary to the claim by the former Governor that he left N14bn in cash for the new government among other bogus claims that have now been found to be an outright falsehood.
The breakdown of the salaries and pension-related liabilities as disclosed by the Permanent Secretary are as follows:
(I) Salary: N29,875,191,128.64
(II) Pension Arrears: N45,375,237,693.40
(III) Group Life Assurance Scheme: N554,644,028.97
The public is advised that this is not the total debt left by the past administration as briefings on other sources of liabilities continue tomorrow.