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Home Business News

Osun State N6 Million FAAC Allocation: Aregbesola Says It Is “Neither Extraordinary Nor Strange”

Chris Pemu by Chris Pemu
March 21, 2016
in Business News
FG launches digitalizing of inmates registration and legal processing - Aregbesola
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Governor of Osun State, Ogbeni Rauf Aregbesola on Sunday, reacted to the N6.2 million his state received from the February Federal allocation.

This amount was reached after all debts owed by the government were deducted.

The state Chief Executive defended the collection amidst wide criticism nationwide, describing it as “neither extraordinary nor strange.”

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Here’s what the Governor said through his twitter handle

Rauf Aregbesola
✔‎@raufaregbesola
Firstly, it is important to state that this situation is neither extraordinary nor is it strange.
7:00 PM – 20 Mar 2016

Rauf Aregbesola
✔‎@raufaregbesola
In November 2015 the revenue from federation account was in deficit of N24m yet salaries and pensions were paid.
7:00 PM – 20 Mar 2016

To be sure, a total of N5.1billion has been committed to that responsibility from October to December 2015
7:01 PM – 20 Mar 2016

To be sure, a total of N5.1billion has been committed to that responsibility from October to December 2015
7:01 PM – 20 Mar 2016

Even with just a total revenue of N97m from the federation account.
7:01 PM – 20 Mar 2016

Yes, N6.2m revenue accrued from federation account for January,2016, as it happened in previous months
7:02 PM – 20 Mar 2016

This i can assure you will certainly not affect our obligations to our workers.
7:03 PM – 20 Mar 2016

The January salaries and pensions are being paid this week. We must thank our workers for their understanding and cooperation.
7:04 PM – 20 Mar 2016

Last Friday, Nairametrics published, stating how Osun State was currently in serious financial mess through this link.:

https://nairametrics.com/mismanagement-osun-state-government-has-only-n6-million-to-spend/

Chris Pemu

Chris Pemu

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  • AGF approves prosecution of Andy Uba, Benjamin Etu over alleged N400 million fraud 
  • EFCC arraigns Abel Sokari, Nkiruka Chukwuma and firm over alleged €49 million fraud attempt 
  • FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms 

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Federal High Court, REA

AGF approves prosecution of Andy Uba, Benjamin Etu over alleged N400 million fraud 

July 7, 2025
EFCC arraigns Abel Sokari, Nkiruka Chukwuma and firm over alleged €49 million fraud attempt 

EFCC arraigns Abel Sokari, Nkiruka Chukwuma and firm over alleged €49 million fraud attempt 

July 7, 2025
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