Osun State Governor, Mr Rauf Aregbesola, Monday inaugurated a six-man panel of inquiry to look at the circumstances surrounding the securment of N18.38billion loan by the government of Prince Olagunsoye Oyinlola and other major financial transactions and contracts from May 2003 to November 2010.
The governor while inaugurating the panel in Osogbo, stressed that transparency and accountability in government system would impact positively on the running of government business.
He noted that the exercise that will be embarked on by the commission would bring sanity and proven accountability in the way contracts are awarded and implemented in the interest of the state.
The governor said, “in view of the excruciating loan of N18.38 billion by the previous government and major financial transactions and contracts from May, 2003 to November, 2010 and the records we met on ground, there is the need to probe government activities hence the inauguration of this six man commission of inquiry to look into the matter without fear or favour.”
Reacting through his media aide, Ayo Olaiya, Oyinlola said: “It is a welcome development. But how many times is he going to do that? He did one last year. He has even issued a white paper on it. If he is probing the N18.3billion loan, we hope he knows he is probing himself because he inherited and spent N9 billion of that loan as soon as he assumed power.”
He opined that aside from the commission investigating the circumstances of the loan, it will also have to find out the propriety of the officials involved in the procurement of the loan in the interest of the state, adding that the investigation of such contracts from the period in question and the compliance with due process in the way contracts are awarded would also be investigated.
Aregbesola held that the Prof. Odekunle led commission will have to recommend appropriate sanction on officials find culpable, stressing that the commission is expected to submit its report to the state government within a time frame of 90days.
Members of the panel inaugurated included, Prof. Femi Odekunle (Chairman), Mr. Kola Adeyemo, Engr. Obi Daramola, Mr. Akin Akintayo, Barr. Soji Olowolafe and Mr. Kelani Adesina.
While speaking the chairman of the commission, Prof. Odekunle said he took the assignment because he observed that the government is concerned about judiciousness, accountability and transparency in the use of public funds by constituting the commission and its specific terms of reference.