A group known as the Labour Alliance (LA) has finalized plans to stage a protest at the offices of United Bank for Africa (UBA) over alleged improper handling of Osun State local government funds on deposit.
AFRESH247 recalls that Osun state governor, Ademola Adeleke; the House Speaker, Rt Hon Adewale Egbedun, and the State ALGON under elected chairmen and councillors of the Peoples Democratic Party had accused the immediate former Governor Gboyega Oyetola, the UBA, and the court sacked APC chairmen of tampering with local government fund in violation of local finance laws.
AFRESH247 reports that the Speaker of the Osun House of Assembly alleged that over N50 billion in local funds has been shared among the APC chairmen, even though no single kobo has been paid to local health and education workers.
Reacting to the development, the Labour Alliance, without affiliation to the state NLC, is reported to have met and finalised a plan to picket and expose UBA, which is complicit in the ongoing diversion and mismanagement of Osun LG fund.
An anonymous source who was present at the meeting of the group held on Tuesday disclosed that the group is set to storm UBA branches alongside strongly worded petitions to regulatory authorities at home and abroad.
He said, “We met and approved a plan to call out the UBA by storming their branches. We want to show the world the active involvement of the bank in ongoing illegality. We will encourage our people to boycott the banks as it has elected to serve the interests of Illegal occupants of our local governments.
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“We are raising strong petitions to the United Kingdom bank regulatory authority. We will send the same petitions to regulatory authorities in the United States. We will list how UBA is violating regulatory laws, local laws, and how the bank is endangering depositors’ funds.
“ We will write shareholders associations at home and abroad to alert them of the illegality and criminal conduct of a supposed international bank. We will run massive local and international campaigns until the bank abides by Osun laws and stops aiding and abetting the diversion of LG funds by APC unelected officials.”
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