Oyo N100bn loan sparks row as APC threatens Makinde with probe
…Gov’s camp hits back at critics By Adeola Badru The Oyo State chapter of the All Progressives Congress (APC) has threatened to hold Governor Seyi Makinde accountable for any public funds allegedly misappropriated by…
State governments in Nigeria routinely seek legislative approval for bond issuances and commercial loans to fund infrastructure and other capital projects, with such borrowing subject to scrutiny from state assemblies, opposition parties and civil society over debt sustainability and transparency in utilisation. Oyo State's debt profile has been a recurring political flashpoint since Governor Seyi Makinde took office, with the opposition APC frequently questioning the scale of borrowing relative to visible project delivery.
This fresh N100 billion loan has reignited that contest, with the APC in Oyo State threatening to hold Makinde accountable and warning of a probe into how the funds are spent, while allies of the governor have pushed back against the criticism. What remains unclear from the coverage so far is the specific purpose stated for the loan, whether it has received state assembly approval, and what form any proposed probe would take.