Sale Of Omoluabi Shares To Ponzi Scheme: Own up Before We Publish Your 2019 Authorisation Letter – PDP Warns Oyebamiji

The Council on Public Communications of Osun State Peoples Democratic Party (PDP) has warned the former finance commissioner and current Managing Director of National Inland Waterway Authority ( NIWA), Asiwaju Munirudeen Bola Oyebamiji, to stop denying authorizing the sale of Omoluabi shares to a group that turn out to be a ponzi scheme according to the Economic and Financial Crimes Commission(EFCC).

In a statement issued at Osogbo, the party said Oyebamiji was clever by half in his attempt to shift the blame on Dr Wale Boluwaduro, submitting that the evil deed was authorized by Oyebamiji and the proceeds was channeled to an agency instead of the treasury.

“We want Oyebamiji to check his records and stop denying his documented roles. By denying and shifting blames, the NIWA boss has hanged himself and boxed himself into a corner.

“The letter he wrote and signed where he authorized the sale of the state shares through Alpha Morgan is with us. By the time we release the letter at the appropriate time, Osun people will stone Amunbo and his team.

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“We still give him time to reconsider his denial. We expect him to come clean on his role because the issue is not just about dubious sale of state assets, it borders on mismanagement of the proceeds and a grievous violation state finance law as signed by former Governor Gboyega Oyetola.

“Amunbo and his team should should meet again and review his roles. Wale Boluwaduro is a clean man who was stopped through the Central Bank of Nigeria because he has all the facts and figures of how the ponzi cabal raped Osun and her assets”, the party submitted.

Meanwhile, that the former finance commissioner had through AMBO Media Front denied the claims made by the PDP, describing it as false and misleading.

In a statement signed by Adebayo Adedeji, Coordinator, AMBO Media Fronts (AMF) claimed that “Bola Oyebamiji played no role in how Osun State’s shares in LivingTrust was sold to private investors as the transaction which ceded the shares to private investors took place long before he became the Commissioner of Finance in the state.

“Matter-of-factly, the divestment of Osun’s shares occured in 2013 when Dr Wale Bolorunduro, who reportedly is now a financial advisor to Governor Adeleke, was the Commissioner of Finance,” Adedeji