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Aregbesola, Oyetola Trade Words Over Sale Of Osun Mortgage Bank

April 22, 2024
2 Min Read
Aregbesola, Oyetola Trade Words Over Sale Of Osun Mortgage Bank

Fresh uproar has hit the camp of the former Minister of Interior, Rauf Aregbesola and Minister of Marine and Blue Economy, Adegboyega Oyetola, over the selling of the shares of Osun State at Omoluabi Bank, to private investors.

The Chairman of Peoples Democratic Party (PDP) in Osun State, Sunday Bisi, alleged that Oyetola sold the shares while he was the governor of the state.

A leader of All Progressives Congress (APC) in Ijesaland, Adebayo Adedeji, yesterday insisted that Aregbesola sold the shares before leaving office.

Adedeji said in a statement: “In 2013, the government of Aregbesola went to the Nigerian Stock Exchange in order to increase the company’s share capital by N1.65billion so as to be above the N2.5billion minimum capital requirement set by the Central Bank of Nigeria (CBN) for mortgage banks in the country.

“Wale Bolorunduro, who was recently nominated as chairman of the bank by Governor Adeleke, was the Commissioner of Finance in the state under Aregbesola. He has knowledge of it.”

Aregbesola, reacting to the claims through his media aide, Sola Fasure, in a terse message said: “It’s between Oyetola and the PDP administration in Osun. We don’t want to be dragged into it. But you may seek clarification from Dr. Wale Bolorunduro. He’s the new chairman of the bank.”

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