Fayose Borrowed N56b In Three Years – DMO - Politics - Nairaland
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DMO Releases List Of Indebted States And How Much They Owe / Fayose Has Borrowed N56B In 3 Years Since 2014 In Ekiti State / OMG! Fayose Borrowed N56B In Three Years – DMO (2) (3) (4)
| Fayose Borrowed N56b In Three Years – DMO by cosby02(m): 2:26am On Dec 18, 2017 |
The Debt Management Office (DMO) has come out with the debt profile of Ekiti State within the three years of Governor Ayo Fayose in power. According to DMO, Fayose has borrowed a total sum of N56 billion since coming to power on October 16, 2014. In its latest bulletin released at the weekend, the DMO disclosed that the Fayose administration still had a fresh application of N25 billion in 2017 awaiting consideration. The publication did not state how the funds were expended but they were believed to have been channeled to capital projects and payment of arrears of workers’ salaries. Some of the capital projects being executed by the Fayose government include the Ado-Ekiti overhead bridge, new Governor’s Office, new High Court complex, among others. The DMO disclosed the sources of fresh debts incurred by the Fayose regime to include summary of new loans, foreign loans and local bank loans. The publication which is also available on the DMO website gave a breakdown of loan transactions between October 16, 2014 and December 2016. This excludes the N25 billion request for 2017 which was yet to be granted. According to the document, the Fayose government renegotiated all outstanding loans as at December 31, 2014 for 20 years (till 2036) on behalf of Ekiti State in 2015. For 2015 Ekiti State borrowed loans include new loans of N24, 811, 574, 926.00; foreign loans stood at N2,709,786,898.98 while local bank loans was N22,101,788,065.28. In 2016, the summary of new loans was N31, 688, 638, 962.30 with foreign loans standing at N2, 705, 737, 050. 37 while local bank loans rose to N28, 982, 901, 911.93. The summary of total loans in two years, that is, between January 2015 and December 2016 is N56, 500, 213, 924.56. The summary of foreign loans is N5, 415, 523, 947.35 while summary of total bank loans incurred by the Fayose administration is N51, 084, 689, 977.21. The report did not state when the N25 billion applied for by the government in 2017 would be accessed. The issue of indebtedness has elicited allegations and counter-allegations between the Fayose administration and the immediate past administration led by former Governor Kayode Fayemi. Fayose has consistently accused Fayemi of plunging the state into debt that outlives his administration. The issue of alleged indebtedness by Fayemi was the major reason why Fayose set up a Judicial Panel of Inquiry to probe the former administration with the panel submitting its report last week. The governor had first put the debt allegedly incurred by Fayose at N45 billion before later coming out with another figure of N85 billion to be exited in 2036. But the DMO cleared the air in one of its earlier bulletins and put the debt left by Fayemi at N18 billion. Fayose borrowed N56b in three years – DMO http://tz.ucweb.com/12_3fAgt 1 Like |
| Re: Fayose Borrowed N56b In Three Years – DMO by lakpalakpa: 2:28am On Dec 18, 2017 |
I knew it!! The main reason why Fayose criticizes PMB day and night is to deflect attention from his abysmal performance as Governor of Ekiti state. He can't pay salaries, no meaningful development, no economic growth etc. Yet instead of fixing his state he shouts himself coarse on top of Buhari matter. Shame on you Fayose...  11 Likes 3 Shares |
| Re: Fayose Borrowed N56b In Three Years – DMO by Desyner: 2:37am On Dec 18, 2017 |
Is like sharing further (with civil servants and contractors) what FG has shared with state is now too hard for the states governors that they borrow right and left. Aregbe, Fayose, Amosun, Okorocha, Okowa. Borrowing is the new allocation. |
| Re: Fayose Borrowed N56b In Three Years – DMO by bluecircle470: 2:39am On Dec 18, 2017 |
how much can ekiti state generate in a month for fayose to be owing this big sum in three years? this is absolute rubbish, yet he and his followers will start opening there unguarded mouth to talk about other people..... shiorr........ 8 Likes 4 Shares |
| Re: Fayose Borrowed N56b In Three Years – DMO by yarimo(m): 3:21am On Dec 18, 2017 |
Shame FAYOSE and RIP to ekiti state under FAYOSE, with all the money no any meaningful infrastructural development since FAYOSE Came as governor of the state. 3 Likes 1 Share |
| Re: Fayose Borrowed N56b In Three Years – DMO by Ishanipepe(f): 3:38am On Dec 18, 2017 |
Lol I am not surprised 3 Likes |
| Re: Fayose Borrowed N56b In Three Years – DMO by businessempire: 3:42am On Dec 18, 2017 |
 DMO: Fayose what did you do with 56 billi in 3 years Fayose: The money spended was the money spended I don't know what to say 5 Likes
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| Re: Fayose Borrowed N56b In Three Years – DMO by crackerspub: 3:48am On Dec 18, 2017 |
Propaganda again Show me any Governor way no they owe Stale, next. 1 Like |
| Re: Fayose Borrowed N56b In Three Years – DMO by chomchom1(f): 4:02am On Dec 18, 2017 |
If fayose borrowed 50b in three yrs as PDP.. How much did saint Rochas borrowed in 5yrs as APC ? FAYOSE has been APC headache 2 Likes |
| Re: Fayose Borrowed N56b In Three Years – DMO by seunmsg(m): 4:39am On Dec 18, 2017 |
Fayemi left a debt of N18billion and he was scandalized as a spendthrift who plunged Ekiti state into debt while the new Messiah who has achieved little or nothing so far had siphoned N56billion borrowing and still cannot pay workers salaries. 12 Likes 3 Shares |
| Re: Fayose Borrowed N56b In Three Years – DMO by Nobody: 5:41am On Dec 18, 2017 |
This is Apc propaganda.. calling out big figures to confuse the gullible.. Ekiti states got 47bn in 2016. Divide the figure by 12months you get N3.7 approx. In the article it claimes the funds are for infrastructures and some have been executed and commissioned. How would he pay salaries, build infrastures provide basic needs from N3.7b if he does not borrow? Can we have osun state debt profile? 1 Like
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| Re: Fayose Borrowed N56b In Three Years – DMO by cosby02(m): 5:46am On Dec 18, 2017 |
chomchom1:Using one evil to defend another...abi 5 Likes 1 Share
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| Re: Fayose Borrowed N56b In Three Years – DMO by okway: 5:48am On Dec 18, 2017 |
chomchom1: Create another thread for Rochas. This is about Yorubaland and taking Yoruba leaders to order. This is where flat heads ought to learn to mind their business. @OP If the money is not traceable or he doesn't have any infrastructure to show for it, then the SW need to put this buffoon to order. 13 Likes 1 Share |
| Re: Fayose Borrowed N56b In Three Years – DMO by agabusta: 5:55am On Dec 18, 2017 |
crackerspub: Hypocrisy. But when Fayose was lambasting Fayemi for leaving a loan of 18billion behind after 8 years in the saddle, you lots were hailing him. Now, his administration within 3 years has left a loan of 52 billion, and still seeking for another 25 billion, without any tangible or intangible thing to show for it. And this is even in the midst of billions that was paid to him as Paris club refund, which he has refused till date to show how it was spent. Fayose is nothing but a clown and a deceit. Ekiti will be the 2nd state APC will take over from PDP. Just watch and see. The people of Ekiti has realised Fayose is a phony fraud, and he still wants to impose his deputy on the state so as to cover his tracks. PDP is going to fight dirty in Ekiti, but they will still lose that state, because of Fayose's woeful performance. 8 Likes 3 Shares |
| Re: Fayose Borrowed N56b In Three Years – DMO by Bari22: 6:09am On Dec 18, 2017 |
fayose demented governor 2 Likes 1 Share |
| Re: Fayose Borrowed N56b In Three Years – DMO by agwom(m): 6:13am On Dec 18, 2017 |
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| Re: Fayose Borrowed N56b In Three Years – DMO by chomchom1(f): 6:13am On Dec 18, 2017 |
cosby02:Propaganda |
| Re: Fayose Borrowed N56b In Three Years – DMO by chomchom1(f): 6:15am On Dec 18, 2017 |
okway: He is a Nigerian... He is one of the Nigeria governor.. 1 Like |
| Re: Fayose Borrowed N56b In Three Years – DMO by cosby02(m): 6:15am On Dec 18, 2017 |
Esseite:Every article that doesnt support your myopic sentiments is propaganda. If you care so much about osun state dept profile, am sure you know the way to dept management office. 7 Likes 1 Share |
| Re: Fayose Borrowed N56b In Three Years – DMO by okway: 6:16am On Dec 18, 2017 |
chomchom1: Him being a Nigerian doesn't mean he shouldn't focus on his own governor and the betterment of his own state. |
| Re: Fayose Borrowed N56b In Three Years – DMO by cosby02(m): 6:17am On Dec 18, 2017 |
chomchom1:Propagandess 1 Like 1 Share
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| Re: Fayose Borrowed N56b In Three Years – DMO by okway: 6:19am On Dec 18, 2017 |
agabusta: I urge Yorubas to not allow social media likes from flat head fake jews to stop them from tasking their irresponsible governors to order. Fayose is the governor of Ekiti state, as thus, he must be pressured by Yorubas to give an account of his management of Ekiti State budget. He is not the governor of Biafra....he is the governor of a Yoruba state. What project has Fayose built for the betterment of Ekiti state? 8 Likes 3 Shares |
| Re: Fayose Borrowed N56b In Three Years – DMO by Toosure70: 6:20am On Dec 18, 2017 |
Ekiti! see Una life. Flattino will defend sha. 1 Like 2 Shares |
| Re: Fayose Borrowed N56b In Three Years – DMO by Ishanipepe(f): 7:12am On Dec 18, 2017 |
Gavelslam will still defend this Seunmsg this is your State....wat dyou got to say? 1 Like |
| Re: Fayose Borrowed N56b In Three Years – DMO by seunmsg(m): 7:17am On Dec 18, 2017 |
Esseite: The question is, did he borrow N56billion in 3 years or not and when will he pay back? All the other issues you raised are irrelevant. Fayose almost destroyed Fayemi's credibility simply because he left an unpaid loan of 18billion. He tweeted the rubbish below with the intention of deceiving gullible people just yesterday. So tell us, who is deceiving who with propaganda here? 4 Likes 1 Share
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| Re: Fayose Borrowed N56b In Three Years – DMO by Ishanipepe(f): 7:19am On Dec 18, 2017 |
seunmsg:Give us the full information |
| Re: Fayose Borrowed N56b In Three Years – DMO by Bolustical: 7:29am On Dec 18, 2017 |
And this is IPOB's best Yoruba governor. Always supporting mediocres. No infrastructure on ground, backlogs of workers' salaries and yet a burgeoning debt profile. Well, Ekiti people allowed rice to dictate their destinies. 6 Likes 1 Share |
| Re: Fayose Borrowed N56b In Three Years – DMO by GavelSlam: 8:16am On Dec 18, 2017 |
Ishanipepe: You and your goons are my fans. I'll send you an autograph if you ask kindly. |
| Re: Fayose Borrowed N56b In Three Years – DMO by Jaideyone(m): 8:30am On Dec 18, 2017 |
fayose is just a drama queen. fayemi spent 8yrs and was castigated for leaving 18b debt. now fayose is leaving next year and he'll be leaving 56/81b billion naira debt!!! I can't believe some illiterates are still defending fayose human stupidity is truly infinite 4 Likes 1 Share |
| Re: Fayose Borrowed N56b In Three Years – DMO by anonimi: 9:32am On Dec 18, 2017 |
lakpalakpa: Why is Engineer Aregberascal quiet since he is having big loans and not paying salaries  www.nairaland.com/attachments/2042395_b7fvnpiiaabroh_jpeg81b2c4466e71003dbe03de8be0975de0 www.nairaland.com/attachments/2511031_img22681848099545_jpeg_jpegd0c22199d4d5840b2b430d790dfb113d 4 Likes 2 Shares |
| Re: Fayose Borrowed N56b In Three Years – DMO by anonimi: 9:38am On Dec 18, 2017 |
seunmsg: Engineer Aregberascal did the same thing to Oyinlola but he has borrowed way more and is still unable to pay salaries and pensions. Osun is owing double what Ekiti is owing based on the looting, stealing and pilfering by Engineer Aregberascal. www.nairaland.com/attachments/2476155_aregbesolaairportcompletionpromise2014_jpeg7fac7bf803cd9410c988d3f00821ea7f www.nairaland.com/attachments/3313876_inflatess_jpegedf527ceff41723c0a8e914a1c8e7dc8 www.nairaland.com/attachments/5991979_anambra_jpeg7e8abed9aa757bc066c0f18e80b6ad69 2 Likes 2 Shares |
| Re: Fayose Borrowed N56b In Three Years – DMO by dukie25: 9:40am On Dec 18, 2017 |
The knives are out just because fayose said state governors should not borrow beyond their tenure. www.nairaland.com/attachments/6426336_screenshot20171218052023_pnga632152513dce066ca350f489abca815 |
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