Controversy trails Gov Makinde’s N300 billion loan
Mixed reactions have continued to trail the approval of N300 billion (three hundred billion naira) loan for Governor Seyi Makinde by the Oyo State House of Assembly.
reports that a member of the State House of Assembly, Ibraheem Shittu was the first person to publicly announce the approval of the loan.
Shittu, who was elected on the platform of the All Progressives Congress (APC), represents Saki West state constituency.
He cried out that he was not informed when the loan was approved, adding that the House was on recess.
He described the loan as needles.
Shittu said: “I want it to be on record that I, Hon. Shittu Ibraheem, representing Saki West State Constituency in the Oyo State House of Assembly, am not among the lawmakers who approved a loan of 300 billion naira on August 19, 2025, and perfected on August 26, 2025, in an emergency sitting during our 6-week recess.
The House is currently on a 6-week recess from July 31st to September 16th, 2025.
“However, an emergency plenary session was arranged to approve such a loan without communicating it to all members.
“A loan at this time, when all states have more than enough, raises questions. Oyo State now receives about a 500% increase in FAAC. Why take this loan? Why is the loan considered an emergency, and why was the sitting not communicated to all the honorable members. #HoldYourGovernorsResponsible”.
