EKITI GUBER POLL!!! More Shameful Secrets Exposed, As Ayodele Fayose, Kayode Fayemi, Exchanges Verbal Blows In Public, Disgrace Each Other Before The World

By Post-Nigeria: June 18, 2018 11:32

EKITI GUBER POLL!!! More Shameful Secrets Exposed, As Ayodele Fayose, Kayode Fayemi, Exchanges Verbal Blows In Public, Disgrace Each Other Before The World

The Governor Ayodele Fayose-led Peoples Democratic Party, PDP, in Ekiti State, has said that the huge debts incurred by the Kayode Fayemi administration, from 2010 to 2014, has gulped the State’s funds of about N35.34 billion, in servicing of the debts and deductions from statutory allocations.
However, the Kayode Fayemi-led All Progressives Congress, APC, has responded to the allegation, saying that the figures put forth by the Ayo Fayose-led PDP government, were inaccurate and misleading.
The PDP Chairman, Gboyega Oguntuase, revealed that with the debts incurred by the Fayemi administration, the State was servicing the debts with an average of N1.1 billion monthly, adding that, about 40 percent of the State’s allocation was deducted from the source, monthly.
He said documents from the Debts Management Office and the Federal Ministry of Finance, Agencies in charge of the debts and statutory allocations, revealed that the debts were incurred under several headings.
He added that between October and December, 2014, the State’s allocations had N1.71 billion deducted to service the debts.
“In 2015, the sum of N7.85 billion was deducted from our allocations. In 2016, it was N11.30 billion; in 2017, it was N12.12 billion; and from January to May this year, the sum of N4.94 billion has been deducted”, said Mr. Oguntuase.
“While we have paid off the Commercial Agriculture Credit Scheme, we are yet to pay off others, and some will run till 2036. The implications of this are many. If we had such a huge sum, we would not be owing workers’ salaries, and more welfare programmes and projects would have been executed by the Ayodele Fayose administration.
“The debts are under these headings: contractual obligations, fertiliser, foreign loans, bond, commercial agriculture credit scheme, water project, restructuring of bank loans, excess crude loan, among others. For instance, under contractual obligations, is the vehicles and buses they purchased for Traditional Rulers and various groups that they did not pay a kobo before leaving office.
“Under commercial agriculture credit scheme, is their YCAD programme that failed woefully. The also took money for the rehabilitation of water scheme, and the money they borrowed for Ero Dam rehabilitation just went down the drain.
“We all know the N25 billion they borrowed from the Capital Market to finance some projects, but where are the projects? They never built any Governor’s Office. They did not build a new Ojaba Market, they did not complete their event centre. Even the Atate Pavilion was not fully completed.”
Responding however, the Media Director, Kayode Fayemi Campaign Organisation, Wole Olujobi, disclosed that figures from the Debts Management Office, which published the debts taken by Fayose alone in the last three years, totalled N56 billion.
His words: “Again, we admit that Fayemi borrowed N25 billion to be defrayed within seven years, and records are there in the Debts Management Office that Fayemi paid back N14.5 billion of the debts, leaving the balance of N10.5 billion, before he left office on October 16, 2014”, he said.
“All the projects that benefitted from the bond are verifiable. They are the roads constructed across the State, Schools and Hospital rehabilitation, world standard Ikogosi Resort, that has again been looted, Ire Burnt Bricks Company, Igbemo Asphalt Plant, water projects, new Government House, Pavilion, Civic Centre that Fayose has abandoned, among several others.
“If the official debt figures were as stated above, how did they come about N35.34 billion to service the debt of N10.5 billion?
“Fayose was secretly collecting N1.3 billion Budget Support Fund for 14 months to pay salary, without telling workers that he was collecting the money on their behalf to pay salary. He diverted all to self-serving projects, leaving workers without salaries, for between six and 10 months, including failure to pay pensioners.”


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