Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,700 members, 7,820,444 topics. Date: Tuesday, 07 May 2024 at 02:59 PM

Fayemi's Huge Debt Crippled Ekiti - Fayose - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fayemi's Huge Debt Crippled Ekiti - Fayose (598 Views)

Fulani Herdsman Killed In Ekiti, Fayose Said Ekiti Should Not Be Turned To War / Fayemi's Huge Debt Crippled Ekiti- Fayose / Extend Railway Project To Ekiti - Fayose To FG (2) (3) (4)

(1) (Reply) (Go Down)

Fayemi's Huge Debt Crippled Ekiti - Fayose by ademoladeji(m): 11:53am On Jun 13, 2016
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://allafrica.com/stories/201606130899.html

Re: Fayemi's Huge Debt Crippled Ekiti - Fayose by ollymoore: 11:57am On Jun 13, 2016
Fayemi crppled ekiti agreed dats y you r misusing your leg to be walking up and down around ekiti be buying mango, plantain, ponmo, bread and beans
Re: Fayemi's Huge Debt Crippled Ekiti - Fayose by ollymoore: 12:10pm On Jun 13, 2016
Agreed Fayemi crippled ekiti have you (Fayose) ever agreed dat GEJ crpple nigeria
ademoladeji:
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://allafrica.com/stories/201606130899.html

1 Like

Re: Fayemi's Huge Debt Crippled Ekiti - Fayose by TippyTop(m): 12:13pm On Jun 13, 2016
True talk.
Fayemi was buying bedroom furnishings @ N50mil apiece.

Re: Fayemi's Huge Debt Crippled Ekiti - Fayose by greatiyk4u(m): 12:25pm On Jun 13, 2016
I thought na only APC/BUHARI sabi complain of past leaders destruction abi Fayose wan decamp?

In Phyno's voice, oga eme gi vum na-anya

1 Like

(1) (Reply)

Constitution Review: Senate Disagrees Over Life Pension For Presiding Officers / Caption This Photo As Arase Decorates Newly Promoted Police Officers / Checkout This Hilarious Billboard Seen In Makurdi Benue State

(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. 20
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.