Skip to main content

Alleged N155bn debt profile exaggerated - Fayose tells Fayemi

- Former Ekiti state governor, Ayodele Fayose dismisses claims by the Ekiti state government that his administration incurred N155.79 billion debt before exiting office

- Fayose through his media aide, Lere Olayinka, described the claims about the debt incurred by his administration as falsehood intended to diminish the outstanding achievements of his government

- The former governor’s spokesperson, insists that Ekit state’s indebtedness was under N60 billion when Fayose left office

Former Ekiti state governor, Ayodele Fayose has accused Governor Kayode Fayemi of exaggerating the debt incurred by his administration when it left office in October 2018.

Fayose in a statement through his media aide, Lere Olayinka, dismissed claims by the Ekiti state government that his administration incurred N155.79 billion debt before exiting office, The Nation reports.

READ ALSO: Amaechi has made you people a promise but I'll see how I will fulfil it- Buhari speaks to Igbos

The former governor’s spokesperson described the claims as falsehood intended to diminish the outstanding achievements of the Fayose administration.

He said: “When a governor goes about advertising signing of 2019 budget as a major programme of his 100 days in office, such a governor should be pitied. On this one, we can only pray for the reconstruction of the lying mind of John Kayode Fayemi.

“On September 8, 2018, Fayemi said Ekiti’s debt was N117 billion; on October 17, 2018, the same Fayemi claimed the debt was N170 billion. Today, he is talking about N155 billion. So, which one should the public believe?”

READ ALSO: NAIJ.com upgrades to Legit.ng: a letter from our Editor-in-Chief Bayo Olupohunda

Olayinka insisted that Ekit state’s indebtedness was under N60 billion and that the debt was either directly incurred during Fayemi’s first tenure or as a result of the loans restructuring done at the instance of the Federal Government and the Federal Economic Council (FEC).

He accused Governor Fayemi of fabricating figures to perpetrate digital stealing, alleging that the governor did something similar when he claimed he spent N700m for a website as minister of mines and steel development.

Legit.ng had reported that Ekiti state governor, Kayode Fayemi, on Thursday, January 24, said former governor Ayodele Fayose left a total debt profile of over N155.79 billion for the state.

This is as the governor signed into law, the N129.9bn state budget for 2019, as part of events to mark his 100 days in office.

The News Agency of Nigeria, (NAN) reports that the governor said while giving account of his stewardship in Ado Ekiti, that the debt profile included local loans and other debts.

NAIJ.com (naija.ng) -> Legit.ng We have updated to serve you better.

Were Ekiti residents paid to vote? - on Legit TV

Source: Legit.ng



from Nigeria News today & Breaking Naija news ▷ Read on Legit.ng 24/7 http://bit.ly/2FN2H5w
via EDUPEDIA24/7

Comments

Popular posts from this blog

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P...

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :...

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

  A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja.  Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...