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    Home » Group Urges EFCC to Probe Oyo Assembly Over N300bn Loan Approval
    Politics

    Group Urges EFCC to Probe Oyo Assembly Over N300bn Loan Approval

    Concerned Youths Movement says only 13 lawmakers approved loan without quorum
    Atoyebi AdenikeBy Atoyebi AdenikeSeptember 1, 2025No Comments2 Mins Read
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    Concerned Youths Movement says only 13 lawmakers approved loan without quorum
    Concerned Youths Movement says only 13 lawmakers approved loan without quorum
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    By Atoyebi Nike

    A group advocating good governance in Oyo State, the Concerned Youths Movement (CYM), has urged the Economic and Financial Crimes Commission (EFCC) to investigate members of the Oyo State House of Assembly over the approval of a N300 billion loan for Governor Seyi Makinde.

    The call follows reports last week that the Assembly had granted approval for the loan, a decision which has since sparked controversy across the state.

    In a statement signed by its Chairman, Pastor Tayo Adigun, and Secretary, Alhaji Olaide Kobomoje, CYM alleged that the approval was illegal because only 13 out of the 32 lawmakers were present during the process, which does not constitute a quorum.

    “We are hereby calling the attention of the EFCC to investigate the alleged approval given to the Oyo State Governor, Engr. Seyi Makinde, to obtain N300 billion by the 13 members of the State House of Assembly. That is illegal. Thirteen members do not form a quorum in a 32-member House. This illegality must not be allowed to stand,” the group said.

    The group insisted that the action undermines the legislative process and does not reflect the will of the majority in the Assembly, calling on the EFCC to beam its searchlight on the matter.

    See also  NGO Sues NNPCL CFO Over Alleged N140bn OVH Energy Acquisition Deal
    EFCC Governance loan approval Oyo Assembly Oyo State Seyi Makinde
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