A member of the Oyo State House of Assembly, Hon. Shittu Ibraheem, representing Saki West State Constituency, has publicly dissociated himself from the approval of a controversial ₦300 billion loan allegedly passed by some lawmakers during the Assembly’s ongoing recess.
In a statement issued on Tuesday and made available to our correspondent, Hon. Ibraheem emphasized that he was neither consulted nor present at the emergency sitting convened to approve the loan. According to him, the House has been on a six-week recess since July 31 and is not scheduled to resume until September 16, 2025.
“It should be on record that I, Hon. Shittu Ibraheem, representing Saki West State Constituency, am not among other lawmakers who approved a loan of ₦300 billion on August 19, 2025, and perfected on August 26, 2025, during an emergency plenary session held in the middle of our recess,” he stated.
The lawmaker raised critical questions about both the timing and the necessity of the loan, pointing out that Oyo State currently enjoys a significant boost in its monthly allocation from the Federation Account Allocation Committee (FAAC).
“At a time when all states are experiencing over a 500 percent increase in FAAC, why should Oyo State resort to borrowing? What makes this loan an emergency? And why was the sitting not properly communicated to all honourable members?” he queried.
Hon. Ibraheem further described the development as troubling, noting that it undermines the principles of transparency and collective responsibility expected in legislative decision-making.
The circumstances surrounding the approval of the ₦300 billion loan remain unclear, with questions being raised about procedure, urgency, and accountability. Stakeholders and political observers are now calling for a detailed explanation from the House leadership on the process that led to the approval during recess.
The Oyo State Government is yet to issue an official statement addressing the concerns.
