The Auditor-General for Osun State, Kolapo Idris, has revealed that operators of motor parks across the state stopped remitting revenue generated from the parks.
Idris made the disclosure at an audit forum held in Osogbo, the Osun State capital, on Monday, where he presented his report on the accounts of the Osun State Government for the period ended December 31, 2025.
The forum was attended by heads of Ministries, Departments and Agencies, representatives of civil society organisations and professional bodies, among others.
Speaking on the state’s generated revenue, Idris said the government needed to intensify its revenue drive by registering more businesses and activities within the informal sector.
He specifically raised concerns over revenue generated at motor parks, saying park operators were keeping the entire funds instead of remitting the government’s share.
“Thousands of informal sectors need to be captured. What I expect of internal revenue is to make sure they are all well-captured so that they can easily take whatever is due to the government from them,” Idris said.
He explained that under the existing arrangement, 70% of revenue accrued from motor parks should go to the state government, while the operators are entitled to retain 30%
“For instance, now, look at the way things are done in the motor parks all around the state. The law states that whatever is accrued to motor parks, 30% of it must be given to those who are operating there and 70% to the government.
“But up to today, none of them has ever given anything to the government of the state. They take all 100%. That is why you see them living fat,” he said.
Idris added that the state government was responsible for providing necessary facilities and services at the parks, including security, toilets and electricity, while also printing and supplying the receipts used for revenue collection.
“The normal thing is that 70% of it must come back to the state government, while they retain 30%,” he said.
Kolapo Idris charged relevant stakeholders to collaborate in developing a stronger and more effective Internally Generated Revenue system for the state.
Eventually, Idris recommended the immediate stoppage of overhead releases to ministries that fail to render proper accountability as required by the Auditor-General’s office.
He said audit queries and observations raised during the review of ministerial and non-ministerial accounts included negligence by some internal auditors, non-availability and non-preparation of relevant accounting documents, fictitious expenditures, wrongly computed statutory deductions and abuse of approval and payment procedures.
He recommended further training for accountants, account officers and internal auditors to enhance service delivery.
Highlighting some basic components of the 2025 Osun financial report, Idris showed that Osun recorded total revenue inflows of N363.63bn during the year, comprising FAAC receipts, Value Added Tax, internally generated revenue, capital receipts and development partners’ funds.
Total expenditure stood at N385.68bn, while the state’s opening balance for 2025 was N60.21bn and its closing balance was N38.15bn.
The PUNCH had earlier reported that Osun’s internally generated revenue more than doubled in 2024, rising to N54.7bn from N25.3bn recorded in 2023.
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