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Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsOsun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan (2816 Views)

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Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by Lynx2(m): 8:21am On Mar 11
Chronic debtors but your Messiah wan borrow 300 billion?
anonimi:
Irú òtítọ́ wo ni ó wà ní ẹnu propagandist liar of APC chronic debtors huh
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by erad(m): 8:27am On Mar 11
callthefred:
Ask questions don't always show ignorance. First, till today LG funds are sent to states not LG directly, also when govt takes loan banks often want it to be deducted from source which means na CBN go deduct and send to lender monthly so na the remaining go reach the state.

In this year's budget the govt wants to take loan, something Adeleke didn't do in 3 years so why election year?

Both Adeleke and APC are all useless and terrible in leadership. I'm from Osun and that's a fact.
Lower the volume of your ignorance.

Seems a lot of you just choose not to enlighten yourself. If thats the case, why do you think the local government issue in osun state is still raging on till this very moment? No state in the whole of Nigeria receives local government funds as at today, the funds are paid directly to the local government accounts from the federation account. Fact check me.

You're from Osun, do you live in Osun? I live in Osun and I'm familiar with the local government activities especially, because I know people working there.

It is ILLEGAL for the local government funds to be paid to state government. That's the whole essence of autonomy. Please educate yourself.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by callthefred: 8:31am On Mar 11
erad:
Lower the volume of your ignorance.

Seems a lot of you just choose not to enlighten yourself. If thats the case, why do you think the local government issue in osun state is still raging on till this very moment? No state in the whole of Nigeria receives local government funds as at today, the funds are paid directly to the local government accounts from the federation account. Fact check me.

You're from Osun, do you live in Osun? I live in Osun and I'm familiar with the local government activities especially, because I know people working there.

It is ILLEGAL for the local government funds to be paid to state government. That's the whole essence of autonomy. Please educate yourself.
Una no go ever learn. Just last week Tinubu still dey threaten governors that he will use executive orders to make money go directly to LG. Na where u see your own news of LG receiving money directly abeg? Oyo for example the chairmen no dey see shishi, Seyi don corner everything. Show me evidence of when LG were paid directly and when that started. The SC judgement hasn't been implemented due to political pressure. Make una dey seek knowledge. Ignorance is bad.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by erad(m): 8:41am On Mar 11
callthefred:
Una no go ever learn. Just last week Tinubu still dey threaten governors that he will use executive orders to make money go directly to LG. Na where u see your own news of LG receiving money directly abeg? Oyo for example the chairmen no dey see shishi, Seyi don corner everything. Show me evidence of when LG were paid directly and when that started. The SC judgement hasn't been implemented due to political pressure. Make una dey seek knowledge. Ignorance is bad.
They've not implemented supreme court judgement because of political pressure... You are not serious.

Have a nice day.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by anonimi: 8:51am On Mar 11
Lynx2:
Chronic debtors but your Messiah wan borrow 300 billion?
When you and your fellow APC propagandists are ready to be taken seriously, you will share credible evidence of your lies.

Adeleke is doing far better than Tinubu in financial management of inherited debt, even though he has only 1/36 share of the 27% federation account for states. Unlike Tinubu who has 53% to himself alone.

Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by Incognito403: 10:00am On Mar 11
This Adeleke na serious crook.

That Unity Bank is their family property.

So he will borrow Osun people fake money from his bank so that the good people of Osun can slave away for generations because of the interest.

He wants to enslave Osun people's generations unborn for this own generations unborn. This is premium wickedness from Adeleke.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by callthefred: 11:01am On Mar 11
erad:
They've not implemented supreme court judgement because of political pressure... You are not serious.

Have a nice day.
If you have proof that the local government authority judgment has been fully implemented provide it abeg.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by Vicana: 11:38am On Mar 11
erad:
How will people that passed through the 4 walls of a school ever say anything like this? How will it even work? This is what happens when thuggery is given a higher priority over intellect because a party that has intellectuals will never ever think of making such highly unreasonable accusation.

So let's assume for stupidity purposes that this is true, what happens if they can't repay the loan? The bank will take over the local governments? Jesus! See the thought process of a bunch of so called adults. Something a child will say and they should flog that child silly. grin grin grin

He whom the gods want to kill, they first make mad. Osun APC is starting to run mad.

By the way, since I saw the thread about Omisore dragging them to court, I already knew Mr Press9jatv is about to pay Nairaland for another front page propaganda. It's just sad Seun has allowed himself and his platform to be used for such. I don't know what they've promised you, but they can't be trusted. They'll only use you and dump you after their devilish aims have been achieved which will never be achieved in this instance.
And you will see people defending it. Using the LGs as collateral, how does that work. Because they don't like Adeleke, they will just believe anything to spite him.
Politics in Nigeria is something else.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by Vicana: 11:48am On Mar 11
callthefred:
Ask questions don't always show ignorance. First, till today LG funds are sent to states not LG directly, also when govt takes loan banks often want it to be deducted from source which means na CBN go deduct and send to lender monthly so na the remaining go reach the state.

In this year's budget the govt wants to take loan, something Adeleke didn't do in 3 years so why election year?

Both Adeleke and APC are all useless and terrible in leadership. I'm from Osun and that's a fact.
Did you read what he wrote?
Are you saying the Local governments will serve as collateral for Loan. States do borrow and use their future finances as collateral and not local government, local government are autonomous and can't be used as collateral
Or you are not aware of it.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by callthefred: 12:44pm On Mar 11
Vicana:
Did you read what he wrote?
Are you saying the Local governments will serve as collateral for Loan. States do borrow and use their future finances as collateral and not local government, local government are autonomous and can't be used as collateral
Or you are not aware of it.
States have been using LG funds for collateral ever since because the money comes to the state and state later share to LG. Remember the SC judgement on autonomy isn't implemented yet so governors still use those funds. That's my point.

However, why does Adeleke suddenly wants 300b now when he didn't borrow a penny for 3 years?.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by kennethesan(m): 12:50pm On Mar 11
What did your former governor use.... If you say you wise, na so e dey be.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by press9jatv(op): 12:54pm On Mar 11
francisbarrack:
God bless my able n alway happy gov. Adeleke. He has done more than enuff projects. Press9jatv should tell Tinubu to pay the fed. Gov. Pensioners there monthly money. Adeleke is okay
Adeleke's defeat is imminent
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by press9jatv(op): 12:55pm On Mar 11
Believeintruth:
Is it not the same LG funds being withheld by BAT? If that is the case how can you use funds that technically you don't have as collateral? These guys think we are not smart sha.
Lg funds wasn't withheld here. Lg autonomy has come to stay.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by Vicana: 1:58pm On Mar 11
callthefred:
States have been using LG funds for collateral ever since because the money comes to the state and state later share to LG. Remember the SC judgement on autonomy isn't implemented yet so governors still use those funds. That's my point.

However, why does Adeleke suddenly wants 300b now when he didn't borrow a penny for 3 years?.
Has local government funds in Osun been released? If the funds are released there would not be need to accuse the governor.
Sure thing, State government can borrow
The APC chairman should speak in context, because saying Adeleke wants to use use LG as collateral is completely wrong and not feasible. Then if he says the LG funds is what he means, the state government can use FAAC allocations which will include both the state and LG allocation particularly to meet needs of the state.
But this is politics they are playing anyways, they can lay up accusations as long as it is to portray the government bad.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by Believeintruth: 3:16pm On Mar 11
press9jatv:
Lg funds wasn't withheld here. Lg autonomy has come to stay.
See bros slow down when you want to lie. BAT withheld LG funds in Osun
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by press9jatv(op): 3:51pm On Mar 11
Believeintruth:
See bros slow down when you want to lie. BAT withheld LG funds in Osun
not true. BAT makes Lg to be much autonomous here
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by callthefred: 4:12pm On Mar 11
Vicana:
Has local government funds in Osun been released? If the funds are released there would not be need to accuse the governor.
Sure thing, State government can borrow
The APC chairman should speak in context, because saying Adeleke wants to use use LG as collateral is completely wrong and not feasible. Then if he says the LG funds is what he means, the state government can use FAAC allocations which will include both the state and LG allocation particularly to meet needs of the state.
But this is politics they are playing anyways, they can lay up accusations as long as it is to portray the government bad.
Thanks for the beautiful explanation.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by francisbarrack(m): 8:43pm On Mar 11
press9jatv:
Adeleke's defeat is imminent
Says who... Hope u know how u r starving people with the local gov. Money u use federal might to withhold? Workers n pensioner r enjoyin Adeleke here while u guys use fed. Might to starve d fed. Gov pensioners. Pay them there money.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by engineerboat(m): 9:01pm On Mar 11
press9jatv:
Adeleke will be exposed of his dubious means on every side by God's Grace. This same Adeleke just want to put Osun State to another debt ridden state again.. enough of looting in this government..
Na wa for you hoo.

So you agree that Ambo put osun in debt
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by press9jatv(op): 10:15pm On Mar 11
engineerboat:
Na wa for you hoo.

So you agree that Ambo put osun in debt
AMBO didn't put anyone to debt.
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by engineerboat(m): 12:13am On Mar 12
press9jatv:
AMBO didn't put anyone to debt.
He only construct the bridge that leads to osun debt and Afusa
Re: Osun APC Alleges Adeleke Plans To Use LGs As Collateral For ₦300 Billion Loan by press9jatv(op): 4:05pm On Mar 12
engineerboat:
He only construct the bridge that leads to osun debt and Afusa
lies and propaganda here. Not true at all
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