Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,163,485 members, 7,854,099 topics. Date: Saturday, 08 June 2024 at 10:46 AM

Ekiti Debt Profile Hits N120bn As Fayose Bows Out - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Ekiti Debt Profile Hits N120bn As Fayose Bows Out (21553 Views)

Obanikoro Flees To US As Fayose's Court Case Begins / Eleka Kneels Down As Fayose Prays For His Victory (Video) / Buhari's Ekiti Visit: Vehicles Parked As Fayose Shuts Down Transport (Photos) (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Ekiti Debt Profile Hits N120bn As Fayose Bows Out by demitola(m): 11:10pm On Oct 15, 2018
philanjay:

the pattern of our thinking is dangerous. we are more focus on our immediate gain than a last and permanent change , PDP squander everything that would have made this country the envy of many nations. the same thing that makes Dubai what it is today with the price of crude oil at $150/b. A government where few people share the whole destiny and greatness of it's people and the majority struggle from the scrums that falls. it's a pity that some people are still calling for that government to come back. no wonder the majority of people in Jesus era were shouting "give us bananas , crucify him " three years is never enough to fix a country that was crawling to recession. Singapore was worse than this people stone Lee Kuan Yew, whenever he is in any public events but today he is celebrated , why not give this government half of the time we gave to pdp. APC took over when the price of mainstay of the economy was lowest in modern times. why not give them some time to evaluate their performance , three years is definitely not anough. meanwhile am not a politician .
They cannot listen to you. They have been wired to think doom and celebrate well wrapped failure. They dont care about tomorrow. They dont care about corruption. Prudency is an anathema to them. All they want is fast food, they can exchange their whole future for an instant morsel. Why do you think they're shouting Atikulate? Dont waste your analytical strength on them. 2019 is almost here, we would speak at the polling booth.

1 Like

Re: Ekiti Debt Profile Hits N120bn As Fayose Bows Out by akintunde63: 7:05am On Oct 16, 2018
Ecstasy154:
The debt profile of Ekiti state which was N117 billion at the beginning of the year has risen to N120 billion.

According to a document forwarded to the debt management office by the outgoing state government, the state incurred additional debt of N3 billion between March and June this year.

In September, Kayode Fayemi, governor-elect of Ekiti state, had raised an alarm over N99 billion debt incurred by the administration of Ayodele Fayose.

The DMO had said the debt profile of the state, going by available records then, had increased from N18 billion during Fayemi’s era to N117 billion, under Fayose’s watch.

But Fayose had denied the claim, saying the debt of Ekiti is pegged at N59.5 billion and that it was incurred by Fayemi’s government.

However, in the document forwarded to the DMO Office which was seen by TheCable, the state’s debt profile rose from N117 billion to N120 billion within three months.

The components of the debt, according to the document, shows commercial bank loans pegged at N2 billion, federal government and state bond of N18.2 billion and N3.5 billion respectively as well as budget support facility of N16.9 billion.

There are also a salary bail out of N9 billion, excess crude account of N9.5 billion, commercial agriculture loan of N163.4 million, contractors arrears of N2 billion pension and gratuity arrears of N22.2 billion.

Others are salary arrears of N8.3 billion and judgement debt of N95 million.

Fayose secured the approval of N10 billion supplementary budget from the state house of assembly, a month to his handover billed on October 16.

The Economic and Financial Crimes Commission (EFCC) has invited him to its head office in Abuja.

https://www.thecable.ng/ekiti-debt-profile-hits-n120bn-as-fayose-bows-out/amp

Ekiti people have put themselves in a dire situation when to chose to vote Fayose, they shd live with the consequences of their choice.
Mind u, Fayemi can't be blackmailed into paying off all the debts Fayose incurred
Re: Ekiti Debt Profile Hits N120bn As Fayose Bows Out by Owaincouncil: 7:56am On Oct 16, 2018
I search through the comment and the ipob couldn't say a thing. If it were to be other way round, u too can imagine what could have happen.
Before you rush here to say rubbish. I am not a politician, but a neutral person seeking for better Nigeria.
By the way, Buhari must go next yr and Atiku is not d best option, but we can also text him for 4 yrs as well.
Re: Ekiti Debt Profile Hits N120bn As Fayose Bows Out by KanwuliaMama: 8:19am On Oct 16, 2018
Oya Fayemi, time to re-inherit ya DEBT! grin
With interest! wink

(1) (2) (3) (Reply)

Of All Three Candidates In 2023, Bola Tinubu is The Best - Doyin Okupe / Photo: Osun Celebrates Buhari’s Victory / Buhari To Nigerian Elites: "Stop Making Expensive Demands"

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 15
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.