Even though the former governor of Oyo State, Adebayo Alao-Akala, is still being prosecuted by the Economic and Financial Crimes Commission, a shocking fact has emerged as to how he used the state’s monthly allocation to settle a local politician’s private debt.
A source close to the former governor, who asked not to be identified due to the sensitivity of the issue, told sharpedgenews.com that when the going was good between the former governor and the politician, Aare Musulumi of Yorubaland, Arisekola Alao, the former Governor used the Pacesetters State’s monthly allocation to settle part of the financial debts of his then-political godfather.
According to the sharpedgenews.com source, the Aare Musulumi was very broke as at that time and that it was the former governor who came to his aid when by dipping into the state monthly allocation running into billions of Naira.
Our source also added that even though the former governor was able to use the state resources to settle some of the debt of the Ibadan business mogul, Arisekola still owed some banks.
According to this same source, a similar pattern is being exhibited by the new governor in the Oyo State, Governor Isiaka Ajimobi, who allegedly is also coming to the rescue of Chief Arisekola, who some banks have obtained injunctions to take over his property to cover debts he owes these financil institutions.
Although, another judgment had been delivered which favored the Ibadan business mogul, it is believed that the present Governor might have also come to the assistance of Chief Arisekola.