Hon. Shittu Ibraheem, representing Saki West State Constituency in the Oyo State House of Assembly, has disassociated himself from the approval of a ₦300 billion loan by the Assembly.
In a statement issued on Wednesday, Ibraheem clarified that he was not part of the lawmakers who sanctioned the loan during an emergency plenary session convened on August 26, 2025.
According to him, the House has been on a six-week recess since July 31, scheduled to end on September 16. However, the emergency sitting was allegedly arranged without proper communication to all members.
“I want it on record that I was not among the lawmakers who approved the ₦300 billion loan. Why was the loan an emergency, and why was the sitting not communicated to every honorable member?” he queried.
The lawmaker also questioned the rationale behind seeking such a loan at a time when Oyo State reportedly enjoys about a 500% increase in its FAAC allocation.
He urged residents to hold their leaders accountable, stressing that borrowing under the present financial circumstances raises serious concerns.