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OUTCRY AS ADELEKE GOVERNMENT MOVES TO AUCTION BILLION-NAIRA OSUN STATE ASSETS

Published by admin on March 11th, 2026.

OUTCRY AS ADELEKE GOVERNMENT MOVES TO AUCTION BILLION-NAIRA OSUN STATE ASSETS

By Kayode Abisade

Concerns are mounting over plans by the Osun State Government to auction valuable state-owned properties through the Osun State Recovery Committee (OSRC) and the Asset Management Agency.

The properties, some of which are located in Iwo, were acquired during the administration of former Governor Olagunsoye Oyinlola as part of strategic investments intended to strengthen the asset base of Osun State.

Today, they are reportedly worth billions of naira and form part of the collective assets belonging to the people of the state.

However, indications that the current administration under Governor Ademola Adeleke may be moving to dispose of these properties have raised serious questions among observers and stakeholders.

Many believe the timing of the planned auction is troubling, particularly as the state approaches another election cycle.

Critics argue that selling such valuable public assets at this moment gives the impression of a government rushing to liquidate long-term investments that were originally meant to benefit the state for generations because of fear of election loss.

The properties were acquired with public funds and were intended to serve economic and developmental purposes over time. Stakeholders warn that disposing of them now could deprive Osun State of assets that could continue to generate value and revenue in the future.

Given the huge financial value attached to the properties, concerned voices are calling for immediate scrutiny of the process.

Anti-graft agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), have been urged to step in and investigate the circumstances surrounding the proposed auction.

Many believe any attempt to sell public assets must be transparent and carefully examined to ensure that state properties are not transferred improperly into private hands.