Skip to content
Tuesday 27 October 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
News
News

Governor Adeleke, APC clash over alleged attempt to access N56 billion loan facility

The FrontierThe FrontierDecember 30, 2024 3061 Minutes read0

•Governor Adeleke

The All Progressives Congress, APC, and Osun State Governor, Ademola Adeleke today disagreed over the allegation that the Governor is set to obtain an N56 billion World Bank loan facility.

The opposition party, APC noted that the foreign loans obtained by Adeleke after the N56 billion will be staggered to N81.6 billion under his administration, reports Vanguard.

SDP Poster Layout

Addressing newsmen at Tinubu/Shettima campaign office, the Director of Media and Publicity, Chief Kola Olabisi lamented that Adeleke way of obtaining a loan will plunge the state into crisis.

Olabisi said Adeleke secretly obtained N10 billion and N3.92 billion domestic loans in 2023 which made the debt profile of the state grow to N55.3bn.

According to him “As if that was not enough, the state has also failed to address the concern that it secretly signed a $16 million foreign loan facility, an equivalent of N26.6 billion, to fund “Nigeria for Women Project.

“The first phase of the NG-CARES ended in June 2024, however, the Osun State governor, we are aware, has been misled to go for the second phase of the programme. Therefore, the state has signed all relevant documents to signify her intention to participate in the second phase of the NG-CARES programme.

“In total, the state will obtain the sum of $35 million (equivalent of N56 billion) on the NG – CARES facility.”

Reacting through his spokesperson, Olawale Rasheed, the governor described the APC claims as illiterate postulation and misleading.

“Normally we are not surprised, because APC has gotten to a stage in Osun that they have nothing to say again, they cannot fault us on our service delivery, they cannot fault us on governance delivery, good governance across the sector, and we are getting award from far and near.

He queried that “How can you call NG-CARES programme a lian, it is a World Bank project that we even inherited from both former Governors Rauf Aregbesola and, Adegboyega Oyetola. How can you call it our matter? It’s not our matter. It’s a federal matter. There are many illiterate postulations coming from APC.”

Tags
APCclashGovernor Adelekeloan facility
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post Governor Okpebholo renames Edo State University
next post Emotional Jesus Navas bids farewell to football career
Related posts
  • Related posts
  • More from author
News

2027 elections: Don’t let politicians manipulate the law — CJN warns judges

October 26, 20260
News

From Nollywood to Nigeria’s biggest engineering & technological stage — Nollywood Icon Emeka Ike to host National Automation Prize 2026

October 26, 20260
News

TRAGEDY: Two container trucks overturn in Lagos, kill mother, child

October 26, 20260
Load more
Read also
Inside Akwa Ibom Today

ARISE Projects Impact

February 9, 20250
News

2027 elections: Don’t let politicians manipulate the law — CJN warns judges

October 26, 20260
Entertainment

How Nigerians can apply for frontline music producer Don Jazzy’s 2027 tech scholarship

October 26, 20260
Crime

Man remanded for allegedly impersonating Kwankwasiyya praise singer

October 26, 20260
Crime

Insecurity: Stakeholders urge state assemblies to fast-track state police legislation

October 26, 20260
Politics

2027: APC accuses ADC of owing staff over one year’s salaries

October 26, 20260
Crime

FBI arrests nine in Nigeria over cyber crime, seizes 53 electronic devices

October 26, 20260
Load more

ARISE Projects Impact

February 9, 2025

2027 elections: Don’t let politicians manipulate the law — CJN warns judges

October 26, 2026

How Nigerians can apply for frontline music producer Don Jazzy’s 2027 tech scholarship

October 26, 2026

Man remanded for allegedly impersonating Kwankwasiyya praise singer

October 26, 2026

Insecurity: Stakeholders urge state assemblies to fast-track state police legislation

October 26, 2026

2027: APC accuses ADC of owing staff over one year’s salaries

October 26, 2026

ARISE Projects Impact

0 Comments

2027 elections: Don’t let politicians manipulate the law — CJN warns judges

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

ARISE Projects Impact

February 9, 2025
2

Plateau: My sister got killed when she left our hiding place – Survivor

April 15, 2025
3

Recapitalisation Watch: Banks post divergent results for week ended Sept 20

September 23, 2024
4

BREAKING: NANS factions storm Abuja hospital, patients flee

December 1, 2023
5

UK to recognise Palestinian State in September unless Israel acts

July 30, 2025
6

BREAKING: Atiku, Tambuwal, Imoke in closed-door meeting with former President Obasanjo

February 10, 2025
Popular
1

ARISE Projects Impact

February 9, 2025
2

Israeli strikes on Beirut kill Hezbollah official, 5 others

November 18, 2024
3

South Africa must return my slain brother’s corpse – Sibling

May 9, 2026
4

Things to know about nominated defence minister Christopher Musa

December 2, 2025
5

Rep member, other PDP chieftains declare loyalty to Gov Fubara

March 26, 2024
6

Woman who tore husband’s passport at airport finally opens up

August 12, 2024

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

ARISE Projects Impact

February 9, 2025

Trump tells Cuba to make a deal before it is too late

January 12, 2026

4 women die in biscuit factory fire outbreak

January 26, 2026

BVN/NIN linkage: Lagos residents besiege banks, seek extension

March 1, 2024

Nigeria’s revenue threatened as oil dips on Russian sanctions worries, OPEC+ output hike

October 29, 2025
Top posts

Categories

  • News5186
  • Politics4910
  • Crime4663
  • International3256
  • Sports2618
  • Business & Economy2390
  • Headlines2298
  • Education1456
  • Matilda Showbiz1062
  • Health971
  • Entertainment895
  • Africa622
  • Religion504
  • Environment406
  • Special279
  • Info Tech268
  • Arts & Culture245
  • Inside Akwa Ibom Today237
  • Hunger protests in Nigeria224
  • Interview200
  • Opinion159
  • EyeCare with Dr Priscilia Imade139
  • World Cup 202695
  • Advert36
  • Trends25
  • Epistles of Anthony Kila19
  • Local News5
  • The Surge4

© 2026 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact