Living Trust Mortgage Bank: What Oyebamiji owes Osun people?
By Sarafa Ibrahim In 1993, Osun did the unthinkable. It was only two years after it was carved out of Oyo state yet, it was able to raise hopes for the future. That was what the decision to incorporate a financial company, the Osun Building Society Limited, clearly portrayed. The company was established to provide mortgage banking services, mortgage financing, real estate construction financing and general financial services. It was a bold and futuristic step, and interestingly, was taken under the administration of the first Executive Governor of Osun State, late Senator Isiaka Adetunji Adeleke. That kick-started a journey that not just spotlight the financial identity for Osun state but also a strategic investments for the benefits of all. But all of that is gone now and the reason for this is in a 2019 deal that put the controlling shares of the state in the financial company in jeopardy. The administration of Gboyega Oyetola sold-off a significant amount of shares ...