Osun Meeting Accuse Sacked APC Chairmen, Oyetola of Diverting ₦50bn LG Funds

The Osun State Home of Meeting has raised a serious alarm concerning the alleged unlawful diversion of roughly ₦50 billion belonging to native governments.

In accordance with the state legislature, these funds have been diverted by All Progressives Congress (APC) native authorities chairmen who had been sacked by the court docket.

The Meeting particularly pointed fingers on the Minister of Marine and Blue Financial system, Mr. Gboyega Oyetola, alleging that he facilitated the questionable transactions by way of the United {Bank} for Africa (UBA).

In a proper assertion launched on Sunday, February 1, 2026, the Home condemned the dealing with of those funds, describing it as a direct violation of constitutional regulation.

The assertion, issued by Olamide Tiamiyu, the Chief Press Secretary to Speaker Adewale Egbedun, detailed particular funds that the Meeting claims are fraudulent.

Furthermore, the lawmakers expressed deep concern over the truth that whereas these billions have been reportedly being moved, native authorities employees have gone 12 months with out pay.

The Meeting famous that major faculty lecturers, healthcare employees, and retirees have obtained nothing, regardless of the large sums flowing by way of these unauthorized channels.

Speaker Adewale Egbedun, whereas addressing a press convention in Osogbo, warned that the Home wouldn’t tolerate the “unlawful meddlesomeness” of the previous governor. The Meeting emphasised that Mr. Oyetola’s household ties to the President don’t grant him the authority to intrude with Osun State’s native authorities administration.

Nonetheless, the Home of Meeting additionally issued a stern warning to UBA, stating that the {bank} dangers extreme reputational injury.

They insisted that any funds disbursed underneath the directions of “unlawful” political appointees can be handled as a {financial} crime and recovered in full.