The Osun State House of Assembly report on the sum of N34.99 billion bailout fund received by the state in August 2015 from the Federal Government was expended.
The report exonerated the state government from diversion of the money, saying, governor Aregbesola committed the money to payment of workers’ salaries.
The Assembly had stated its resolve to investigate how the state government spent the money following the decision by the Committee on Finance and Appropriation of the Upper Chamber of the National Assembly to visit the state and probe how the fund was expended.
The six-page report, jointly signed by the Chairman, Finance and Appropriation Committee, Kamil Oyedele and Chairman, Public Accounts Committee, Olalekan Afolabi was presented and read at the plenary session of the assembly recently.
According to the report: “The request for the sum of N88.2 billion, which comprised of N64.3 billion and N23.9 billion for state and local governments respectively was forwarded to the Central Bank of Nigeria in July, 2015.
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