*As APC asks DMO to clarify Ekiti debt profile

By Rotimi Ojomoyela

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.”

http://www.vanguardngr.com/2016/06/fayemis-huge-debt-crippled-ekiti-fayose/

Even the PDP don start blaim game

Fayose has never been and will never be a good governor.. .

PDP should start searching for a better replacement in the next Ekiti gubernatorial election

[color=#00009]Fayose the chief wailer, how market??

Still blaming fayemi after two years of leaving office
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So Fayose has resulted to blaming the past Government for his gallant failures!!!

But if the Federal Government blames the past government for anything, this same Fayose will start opening his mouth anyhow.

Lol, when did Ekiti state elect this mofo? so since you didn't complain it's now? tomorrow now you'll enter the street to buy agbado(roasted corn), don't sit Dan and work. be wasting Ekiti state money on newspaper pages insulting and complaining.

Fayose is right, same way Aregbese debt would have crippled Osun economy for whoever the governor of Osun would have been if the debtor-in-chief had not won for second term, same with Ajimobi and Fashola( thanks to huge Lagos IGR, Ambode would have been in soup). Those governors are selfish and irrational sometimes, they will borrow so much that it may take 10 generations to repay just because they want to create a false sense that they performed well during their tenure, thereby making the coming governor to look incompetent.

bedroom?

Fayose talk like my 3yrs old boy attimes

Fayemi spent N50mil doing up his bedroom. This wasteful man is now in charge of Solid Minerals.

This fat, kponmo sharing fool has no solution to Ekiti's problems

You can blame Fayemi but Buhari cannot blame Jonathan bah?

You have been the governor for almost 3 years and its now you start trading blame?
When you dey spend money for airport you no know ? When you go waste money for china you no know abeg fayose gerarahere I know my brother from the east would support you cause hatred has clouded their judgment

Blame fayemi who left years ago.

But dnt mention Jonathan who left a year ago because he is our son.

It is not rocket science.

How much was borrowed, what was it used for ?


Bring out data and facts and send to EFCC if there is any irregularity.

Fayemi should be probed and summarily jailed!

Things like debt management and infrastructure development are rocket science to Fayose. My Ekiti folks just manage what you foolishly sold your soul for......... awon alatenuje lasan lasan

Fayose has borrowed the blame game template from Buhari and his APC minions.

Hmmmm

So when federal government (or Buhari) give excuse for their under-performance since last year and blame it on the past government, Fayose called them SLOW, DUMB, NOT-CAPABLE and other like names. I cant believe he is saying the same thing he once faulted.

#NigeriaPolitics...

same stories from other states

allanphash7:
Fayose talk like my 3yrs old boy attimes

That is an insult to your 3 year old

Ayolai Fayohammed! Everytime Cho Cho Cho Cho Cho

No you listen like a 3 year old....

allanphash7:
Fayose talk like my 3yrs old boy attimes

Lobatan

Fayose is a great liar.
Let us even give him the benefits of doubt nd believe him.
Let's assume ekiti owes these debts as loans. I.e, the 25 billion bonds nd 30 billion commercial loans. That's 55 billion loans.
Paying 1.2 billion monthly 4rm 20 FG allocations, that's 24 billion naira already paid.
Last week, he told the civil servants that the state will take 20 yrs to pay the loans. These loans are long terms nd as such, repayments are spread over several years even up to 20 nd even 30 yrs.
That means there's no how FG will deduct 1.2 billion monthly 4rm a state allocations to pay long term loans even whn it was under GEJ administration.
4rm fayose statements, the state has paid 24 billion out of 55 billion in less than 2 years nd he even said the state will pay for 20 years.
Fayose is a grand thief nd a liar. He shld give ekiti civil servants a more reasonable excuse cos u are dealing with the most educated people (civil servants) in Nigeria, abi no be so dem talk am?

This is how madness starts, Fayose deserves 7 days prayer and fasting.

But Fayose advised Buhari to stop blaming GEJ for his failures. I think he needs to listen to his own advise on this.

This man would av been the best opposition in Nigeria but he is not because he is also guilty of what he criticise.

The state should be put up for sale...

fayose fearless hyena

It is becoming too much.

menstrualpad:
Fayemi should be probed and summarily jailed!

But nobody should touch Jonathan for his stoopiditea