Oyo State Governor Seyi Makinde yesterday alleged that the funds siphoned by the immediate past administration in the state was making the state experiencing technical bankruptcy. Makinde spoke in his office when he received members of the Governing Council of the University of Ibadan led by the Pro-Chancellor of the institution and Chairman of Council, Dr Waklek Mutka.
He said: “When I came in, we were looking for ways to keep the government running because technically the government of Oyo State is bankrupt.
“If I take it as a private entity, I won’t lend a dime to the government of Oyo State. I will ask them to start winding up proceedings. So, we have been looking for ways to keep the government running.”
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