Ekiti Debt: Fayemi being clever by half – Govt

We are not going to engage ourselves in exchange of words with those who served in the immediate past government because it is obvious that they are only being clever by half.

Most importantly, joining issues with Ex-Governor Kayode Fayemi and his wounded men will not bring foods to the tables of Ekiti people.

However, for the sake of clarity, it is important to state, once again that outstanding sum of N21.2bn was left from the bond taken from Bond Capital market and Agric Loan, N15.5bn from loans taken from various banks, N3.2bn as unpaid workers salary for two months, N2.4bn unremitted monthly deductions from workers salary for four months, N700m as unpaid subventions to parastatals and tertiary institutions, N400m as unpaid workers leave bonus, N3.2bn as unpaid pensions and gratuities (despite that the fund was deducted from Local Councils monthly allocation), N850m as unremitted withholding taxes and other deductions.

As at the time we were compiling our report, over N10bn was discovered as indebtedness to contractors and more discoveries are still being made because projects were awarded at highly exorbitant cost, with roads awarded at over N1bn per kilometre.

It is therefore another lie taken too far for anyone who worked ith the immediate past government to have claimed that N36.3bn was left as debt, because what we analyzed amounts to close to N60bn and more are still being discovered.

Also, there are other hidden financial transactions that are being discovered, and at the appropriate time, we will make details known to the public.

Lere Olayinka
Special Assistant (Information and Social Media)