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Fayose left N155 bn debt, says Fayemi




Ekiti State Governor, Dr. Kayode Fayemi, on Thursday said former governor Ayodele Fayose left a total debt profile of over N155.79 billion for the state.

This is as the governor signed into law, the N129.9 state budget for 2019, as part of events to mark his 100 days in office.

The News Agency of Nigeria, (NAN) reports that the governor said while giving an account of his stewardship in Ado Ekiti, that the debt profile included local loans and other debts.

He gave the breakdown of the debts as; Loans, N57.694 billion; Unpaid Salary Arrears, N16.777 billion; Outstanding Leave Bonus to workers, N4.402 billion; Pension and Gratuity Arrears, 39.775 billion; Outstanding Corpers’ Allowance, N28.883 million.

Others are; Outstanding Subventions to institutions, N4.770 billion; Outstanding Contractors’ Claims, N28.575 billion; Outstanding Furniture Allowance, 470.2 million; Outstanding Severance Allowance, N586.144 million; Monetized Vehicle Arrears, N101.243 million: Outstanding Warrants, N386.777 million, Outstanding FIRS Obligation; N184.2 million;, Traditional Rulers Arrears, N150.214 million; Judgment Debts, N95.214 million, and other Outstanding Liabilities of N1.792 billion.

NAN reports that Fayose had dismissed the claim as frivolous and evasive.

Fayose’s Media Assistant, Lere Olayinka said in Ado Ekiti that the claim was a “spurious” claims by the governor to cover-up alleged failure by his government to embark on any meaningful project since assuming office.

The former governor, however, failed to state how much he left as debt for the state.

On his part, Fayemi insisted that his administration inherited a state that was in total chaos, with a people severely disoriented under a “suppressive government that had raised and promoted deceit into a state

According to him, “the last 100 days have clearly shown to us, in a very practical manner, that with a clarity of vision, the resolve to push through and the unflinching support of the people, there are endless possibilities in our capacities to steer our state on the path of progress.

“Despite the meagre resources at our disposal, we are meticulously delivering on our promises to the people through our various short, medium and long term socio-economic intervention programmes

“We must examine our tortuous path with a view to charting a new course for a prosperous destination, not only for us, but also for our unborn children”, he said.

NAN reports that the governor condemned borrowing to finance what he called “white elephant project” by the past administration, describing it as unproductive, self serving and grossly unpatriotic.

He explained that the many successes stories recorded by his administration within a spate of 100 days in office was made possible as a result of his genuine resolve to serve the people diligently and passionately.

He called on all Ekiti people for support and cooperation for the administration to build on the gains of the past three months.

“All hands must be on the deck to move Ekiti forward economically, socially and politically.

“I also enjoin you all to keep supporting us, especially in the areas of tax payment and selfless suggestions on how to jointly move Ekiti State forward.”

NAN reports that earlier, the Governor had signed into law the 2019 appropriation bill and promised that the state would experience progress
and development in the next few years.

The event included the flagging off of construction work on the abandoned 41-year-old New Iyin road road, and an empowerment training for 6,300 women and youths in the state.

In his speech, at the empowerment training, Director General, National Directorate of Employment, NDE, Dr. Nasir Ladan, described Fayemi’s 100 days in office as impressive.

He called on the women and youths in the state shortlisted for training in various skills by the NDE and State Government to commit themselves to the exercise.orchestrating this know that failure awaits them.”

In this article:
Ayo FayoseZenith Bank
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  • nelson godwin

    Really Fayose? At what percentage of interest? Yeye dey smell.

  • Omooluwa

    This guy will not stop to embarrass Ekiti. We are asking you to defend yourself you are saying others too commited the same offence. You are not worthy to be a primary school class monitor.

  • Fayose is a character that should NOT be touched even with a 10-foot pole! Haba! Must he drag everybody, even established and well entrenched institutions, to crash with him? Is he aware of the implications of this allegation against Zenith Bank? On what terms did Zenith bankroll his electioneering? Was it as a corporate social responsibility initiative? Or as a business transaction? If based on the latter, what were the terms? Let him tell us the full story, rather than quoting Bible texts out of context; which is a decoy or smokescreen.

  • Basil Ogbanufe

    Very interesting.