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Ogun’s N100bn Bond Of Many Troubles

For over seven months, controversy has trailed the N100 billion bond the Ogun State  Government planned to raise at the Capital Market. MOYO FABIYI examines some of the  problems the bond issue has created

While Hon. Titi Oseni held sway as the Speaker, Ogun State House of Assembly, there  was a palpable peace in the august parliament. But the fragile peace cracked and  finally crumbled, paving way for acrimony and enmity between the state executive and  the legislators. This happened immediately the leadership of Titi Oseni was sacked  on 15 May, 2008.

Before then, members of the House of Assembly had alleged high handedness and  sell-out of the Assembly by its first female Speaker. Members alleged that Titi  Oseni had turned the Assembly into a rubber stamp of the executive, a puppet of a  sorts. Events later justified the fears and allegations of the anti-

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