Ex-PDP Councillor In N3m Mess

One of the outgone supervisory councillors from Ilesa West local government council {name withheld} who reportedly obtained a N3 million loan from a bank in Ilesa and built a house at Oke-Omiru is now in financial mess. Investigation conducted by OSUN DEFENDER at the weekend has revealed in a chat with one official of the…”
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October 30, 2008 6:40 am
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One of the outgone supervisory councillors from Ilesa West local government council {name withheld} who reportedly obtained a N3 million loan from a bank in Ilesa and built a house at Oke-Omiru is now in financial mess.

Investigation conducted by OSUN DEFENDER at the weekend has revealed in a chat with one official of the bank from, where the supervisory councillor obtained the facility.

According to authoritative sources, the former supervisory councilor was unaware that his official tenure would end so soon, and that his terminal benefit would not be enough to take care of the loan.

An impeccable source however revealed that the Bank is now hell-bent on recovering the loan from the councillor, or put on sale the uncompleted immovable property owned by the supervisor to offset the loan.

The supervisor, according to our source, is now moving moving from pillar to post looking for money to offset the loan, and at the time of filing this report all efforts were to no avail.

The medium also gathered that the supervisor is also looking into other alternative of seeking financial assistance from the local government council to off set the loan, as OSUN DEFENDER gathered that it was also to no avail.

The uncompleted building owned by the supervisor, it was gathered may face the harmmer of the bank any time before the end of the year with a view to up-dating its account before the new year.

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