How Fayemi denied Ekiti UBEC funding for three years, by Olusola
The governorship candidate of the Peoples Democratic Party (PDP) in the July 14 election in Ekiti State, Prof. Kolapo Olusola, has explained how in 2014 the misuse of counterpart funds by Kayode Fayemi’s administration denied the state access to funds from the Universal Basic Education Commission (UBEC), Abuja for three years.
Olusola, who spoke in an interview in Ado-Ekiti at the weekend, said the development robbed the state of funds that would have been used to improve facilities in primary and junior secondary schools.
According to him, the money involved was N850 million and the state was denied funds by UBEC from 2015 to 2017.Olusola, who is the current deputy governor of the state, said: “After UBEC paid their N850 million counterpart funds, the state government also paid N850m to an account in Access Bank, but later withdrew the money and spent it on something else.
“What they further did was to spend only UBEC’s N850m, which was a contravention of laid down procedures. The commission had to suspend the state for three years, until the Fayose administration repaid the money and we were reinstated. We have three years funds not accessed now.”
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