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Monday 20 October 2014

Former Governor Of Ekiti State “Dr. Fayemi Kayode” Refutes The Claim By Newly-Sworn In Governor “Ayodele Fayose” On Leaving The State In Debt

Dr. Kayode Fayemi and Mr. Ayodele Fayose

It was gathered that since the inception of office as the executive governor of the Ekiti State by Mr. Ayodele Fayose, he has been busy trying to get himself acquainted with the status of the State’s Executive Office’s finance as well as other things, to be sure if things had been placed in good tidings by his predecessor Dr. Femi Kayode. Just lately, Mr Fayose made it public that the state’s treasury was left almost empty by the past governor; saying that the Ekiti state is at the moment left in a bad financial state of indebtedness, which if proper care is not taken, may cripple the activities and functions of the present government.

But immediate past-governor, Dr. Kayode has come out to refute that allegation, stating that he never left the state treasury into any state of financial coma, but stated that this claims by his successor was a baseless and unguarded comments to discredit his good works as a past governor of Ekiti State.


Dr. Kayode made a statement through his Chief press secretary,”Mr. Oyebode” saying that Fayose should have gone through the Hand-over note given to him before making baseless claims.

Mr Fayose claimed that Dr Kayode administration ran a 157- bank accounts in different banks and had as such subjected the Ekiti state into some serious debts of about N84 billion.
In the words of  “Mr Oyebode” on Sunday in refute of the allegation leveled against his boss, states that the Ekiti States bank account has the sum of N1, 930,739,725.84bn.

“This comprised N1, 463,805,908.56 (state account) and N466, 933,817.28 (local government account). Also the Bond Sinking Fund Account balance as at September stood at
 N3, 019,987,424.03,” .

He further said that there is no such thing as owing the state worker of 2-months salary. “It is our belief that Mr. Fayose was hasty in making a pronouncement on the state of the finances and other matters without first going through the handover note, which contains explicit details of government transactions and financial situation. Nothing can be more mischievous and irresponsible than this. The Debt Management Office still rates Ekiti State as one of the least indebted states in the country.

Read more on this report at Punch News

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