Fayemi's probe begins in Ekiti *How ex-gov, spent N212.8billion - witness

By Editor on 29/08/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 271

The Judicial Commission of Inquiry set up by the Ekiti State government to look into the state's finances from October 2010 to September 2014 commenced its proceedings on Monday at the Magistrate Court 1, Ado-Ekiti, with the first witness disclosing how a total of N212billion came into the state coffers within the period.

The amount was made up of N163, 267,220,048.07 received from the federation account while N49, 483, 156,394.80 was borrowed by the government of Dr. Kayode Fayemi, who which was in power at the time.

Fayemi, who had been at loggerheads with the incumbent, Ayo Fayose, had since dismissed the panel as a farce brought by the former to rubbish him politically and vowed not to respond to its inquiries or appear before it.

The panel had gone on, regardless, with the first witness, Mr. Kehinde Odunayo, who is from the Accountant General’s office reading to the commission month by month statutory allocation received by the government during the period while tendering the necessary documents to back up his claims.

Mr Odunayo, who was led in evidence by counsel to the Commission, Mr. Sunday Bamise listed the banks from which the 20 different loans were obtained. 

According to Kehinde “as at the time Fayemi left office in 2014, that debt incurred from outstanding workers’ emoluments, comprising pensions, subventions to schools, among others was N13, 819, 928,727, 92”. 


Image result for Fayemi


He said: "Total Deductions from FAAC allocations in the time under review under the last administration was N18, 684, 785, 314, 75 was allegedly deducted in 48 months." 

Another witness, Mr. Arogundade Victor, who is the Director of State and Finances, of the Ministry of Finance gave details of loans in the state between 2010-2014 which was tally with the one tendered by the witness from the office of Accountant General. 

Arogundade Victor Adeyinka, who works at the state Ministry of Finance, tendered a document that indicated how the N25 billionbond was expended. 

According to him, the breakdown of the N20billion first tranch of the bond indicated that a sum of N468 million was  to be spent on Ero Dam, Ureje Dam,  N500million, building of the school of Agriculture, N750million, Road Construction, N2.6billion, building of Lagos Liaison office, N500million, building of modern market in Ado Ekiti, N2billion, building of new government house, N633million, new governor’s office, N400million, Ikogosi Warm Spring, N1.5billion, Civic Centre, N1 billion, totalling N19.3 billion. 

The N5billion second tranche of the bond was broken down thus: construction of Ilawe-Igbara Odo-Ibuji road, N894million, Ikole-Ijesa Isu road, N1.34billion, Ewu Bridge, N20million, State Pavilion, N1.553billion and Ire Resuscitation of Ire Burnt Brick,  N966million, totalling N4.84billion.




Source Whirlwindnews.com

Posted on August, 29 2017

Share on facebook Yahoo mail icon Gmail icon

You may also like...
Buhari sends own CSO parking from Villa

Taraba Guber: APC's Aisha heads to tribunal

BREAKING: Helicopter with nine on board crash-lands in...

Gunmen kill monarch, wife, son in Plateau, after...

AYC 2018 qualifier: 'Shaky' Flying Eagles collapse in...

Buhari to Jonathan: If you could become President,...

Dasukigate: Austrian moves to jail EFCC boss over...

Fayose: Military has been drafted into APC’s lying...

BREAKING: Incumbent wins Iran Presidential election
Latest News I haven't been given my due recognition, laments S'Eagles award-winning designer BREAKING: Abiola’s son joins APC *Guns for Youth Leader position at party’s convention Obasanjo to Nigerians: Fulfil your part, God will help us remove Buhari BREAKING: GUILTY AS CHARGED! OAU sacks randy sex-for-mark lecturer Adamawa in mourning mood as ex-Police IG, former Governor's wife pass on More intrigues beclouds proposed APC National convention as another Chairmanship aspirant pulls out 2019: Atiku takes campaign to Bayelsa, visits Jonathan NASS to Buhari: We didn't pad 2018 budget; ensuring equity, fairness in carrying out projects, our watchword Rats makes its way into ATM, eat, tear monies BREAKING: Ronaldo's 'bullet' goal sends Morocco out of 2018 W/Cup, Portuguese Star becomes Europe’s all-time leading scorer


Most Read BREAKING: Ronaldo, Messi, Neymar clinch final Ballon d'Or shortlist, Suarez snubbed (36,777 views) You must release Kanu, give us justice or we keep bombing – Gen. Ben (24,389 views) Seven 'killer' SARS officers arrested in Anambra for murder (22,145 views) I must redeem Ndigbo or die trying – Nwodo *We're quite uncomfortable in Nigeria (20,980 views) Biafra: I’ll lead negotiation with agitators – Okorie *Warns against force (14,053 views) Okorie to Buhari: Your gvt can’t be killing Ndigbo and offering B’Haram amnesty (13,422 views) BREAKING: Again DSS shuns court order, hedges on Kanu's release (12,408 views) BREAKING: Upset, as Ugwuanyi appoints Queen of 419 into cabinet (11,482 views) Catholic bishops to Mbaka: Your prophesies could be brain wave (10,483 views) Biafra: S’East governors, Ohanaeze to meet Buhari over Kanu (10,415 views)


News Appointments (161) Business (274) Crime (703) Economy (447) Education (170) Entertainment (106) Fashion and Style (10) General (273) Health (325) Inside Africa (242) Interviews (15) National (729) Politics (2220) Press Releases (3) Religion (144) Security (1179) Sports (2037) Technology (21) World News (438)


CBN banner advert

Chelsea Outdoor

Veleta banner

FRSC Officials vs Woman Driver on highway



Newsletters Subscribe to Whirl Wind News newsletters today and get breaking news and updates delivered to your mailbox!

Sign up