Fayemi’s huge debt crippled Ekiti — Fayose

Ado-Ekiti —Governor Ayodele Fayose of Ekiti State has
blamed his inability to pay workers salaries on the huge
debt inherited from the immediate past administration
of Governor Kayode Fayemi.
According to Fayose, the N25 billion bonds from the
Capital Market and another N31 billion commercial
loans, by the Fayemi’s administration are responsible
for the poor financial condition of the state and the
challenges faced in the payment of workers’ salaries.
Fayose, who stated this while reacting to the no-shift-
ground stance of the striking workers, said about N1.2
billion is being deducted monthly from the state’s
allocation to service the loans which the Kayode
Fayemi administration took in its four years in the
saddle.
The governor said if the N1.2 billion being deducted is
added to the state’s monthly allocations, his
administration will not owe workers.
Speaking through his Chief Press Secretary, Mr Idowu
Adelusi, in Ado-Ekiti yesterday, Fayose took a swipe at
the All Progressives Congress, APC, which he said had
been encouraging the labour not to call off the strike
action.
He said it was quite unfortunate that the Fayemi
administration also diverted the N850 million meant for
the Ekiti State Universal Basic Education Board and
thereby leading to the suspension of the state from the
Universal Basic Education Commission programmes
since 2012.
Fayose said he was surprised that when Fayemi took
the loans which now made payment of workers’
salaries difficult, the labour did not kick against the
moves.
The governor said the strike had been politicised
because of his criticism of the bad policies of the
Federal Government and his fight against tyranny.
APC asks DMO to clarify Ekiti debts profile
Perturbed by the claim of the Governor, APC in Ekiti
State has pleaded with the Debts Management Office
(DMO) in the Federal Ministry of Finance to make
another public clarification on the status of the state’s
debts to put to rest inconsistent debt figures being
presented by Governor Ayodele Fayose to the public to
justify non-payment of workers’ salaries and pensions
after taking 20 months federal allocations and N9.6bn
bailout cash.

In a statement by its Publicity Secretary, Taiwo
Olatunbosun, the party said this became imperative as
the governor had been giving inconsistent figures on
different occasions that had cast doubts on the
integrity of the state’s financial application.
On Fayose’s claim that the Fayemi administration
borrowed another N31 billion commercial loan apart
from the N25 billion bond, nothing could be farther
from the truth. Olatunbosun challenged him to provide
evidence of this loan and what it what used for as
records are there in the office of the Account General if
he is sure of his facts. The truth of the matter is that
Fayose has resorted to blatant lies to cover up his
many shady financial transactions and misapplication
of state funds, Olatunbosun said.”