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

By Editor on 29/08/2017

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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”. 

 

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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

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