From Tunde Sanni in Ibadan
Detectives in the Osun State Police Command are now interrogating a former commissioner for finannce and economic planning in the state, Mr. Adetoyese Ojo, over an alleged N130million fraud.
Ojo, who served in the immediate past administration of Prince Olagunsoye Oyinlola is being questioned at the State Criminal Investigation Department, over the non-repayment of a loan he guaranteed without Oyinlola’s authorisation.
Sources said the former commissioner was arrested at his home town Erin-Osun by detectives following futile efforts to make him refund the loan.
Osun State Police Commissioner, Mr. Olusegun Solomon, confirmed the arrest of Ojo, adding that investigation has commenced into the matter.
According to him, the former commissioner would be arraigned at the end of investigation.
Checks by THISDAY revealed that Ojo had floated an auto registration company, Strong Passion Concept Nigeria Limited, to handle the state’s electronic motor licensing project, and used his position to secure a loan of N60million for the company in 2008 without the consent of the state government.
It was learnt that during the implementation of the project, the former commissioner wrote the bank without the knowledge of Oyinlola to guarantee the loan.
When the state government discovered that the company secured the loan illegally, it raised a committee which indicted Ojo for wrongdoing and recommended that he should refund the money with the accumulated interest.
As at the time Oyinlola left office in November 2010, the loan and accumulated interest had risen to N90million and at present, it has shot up to about N130million.
"The reports of the House committee will not be swept under the rug. I will not agree with you that past probes did not yielded results.
All I can say is that the people should not be pessimistic about this. I promised that this ongoing subsidy probe will yield result," he added.