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By Lere Olayinka
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Chief Media Aide to Chief Olusegun Oni, former governor of Ekiti State, Mr. Wale Ojo-Lanre has described as mumbo-jumbo assets declared by the judicial governor of Ekiti State, Mr. Kayode Fayemi and his deputy, Mrs. Funmilayo Olayinka, saying; “this mumbo-jumbo assets declaration can only come from people who are out to prepare grounds for an impending grand looting of the State treasury.”

Ojo-Lanre, in a statement issued in Ado-Ekiti and made available to journalists said; “Beyond just saying these are what the governor and his deputy are worth, Ekiti people also deserve to know how Fayemi was able to acquire assets worth N750 million within four years and how much was paid as tax on his income and most importantly, where the assets are located!”

“How on earth can the same Fayemi, who was quoted in an interview published in The Nation newspaper of November 11, 2010 that there were days in the struggle that he could not boast of five thousand naira in his account and I had to depend on his wife for sorting out family challenges, now claim to be worth N750 million?

“Ekiti people deserve to know how their governor, who was living in a rented three bedroom flat in Maryland, Lagos as at the end of 2005 and did not do any other job since 2006 apart from gubernatorial candidacy was able to acquire such stupendous wealth under four years.

“For instance, Fayemi claimed that he has a four bedroom detached duplex at Atlanta, Georgia, USA valued at $250,000. However, it is on record that it was the Adesokans (Gboyega, Segun and Yinka) that usually provide accommodation for Fayemi whenever he travelled to USA.

It was in the house of the Adesokans at Atlanta, Georgia that he

(Fayemi) slept for days the last time he travelled to USA before he became governor.

“So, if Fayemi has a house in USA as he claimed, why was he not using it? And where exactly is the house located?

“Fayemi also said he has a compound of eight buildings at Isan-Ekiti, which is worth N120 million. It should be noted that as at late 2005 that Fayemi declared his governorship ambition, he had no single building at Isan-Ekiti. He only built a bungalow in the town in 2006.

Does it then mean that he added seven other buildings to the bungalow between 2007 and 2010 when he was only pursuing his governorship aspiration?

“Therefore, it is necessary that Fayemi tells the public what his salary was as Director of the Centre for Democracy & Development (CDD) between 1997 and 2006 that he resigned to join politics.

“How much was his wages/salary as Secretary General for Media Empowerment for African between 1995 to 1997, Strategy Development Officer for Deptford City Challenge in London between 1993 and 1995 and part-time Research Officer with African Research and information Bureau in London between 1991 and 1993 (presently a Senior Research Officer in top universities will earn £42,000 per annum coming to an after tax of about £2,400 per month)?

“Fayemi also claimed that his company, Amandla Consulting is worth N50, 000,000.00. How much in terms of returns has the company made to the Corporate Affairs Commission (CAC) in the last four years?

“As per claim by Fayemi's deputy, we wish to ask how someone who never rose to the level of a managing director of bank was able to acquire

N1.2 billion assets.
“They even gave themselves out in their attempt to cook-up phony assets when Mrs. Olayinka claimed that she has a compound of three buildings in Opebi, Lagos valued at N180 million, four-bedroom duplex on Victoria Island, Lagos worth N112 million, a compound of two buildings in Ikoyi, Lagos valued at N280 million.

“As at today, can anyone sell a four bedroom duplex in Victoria Island, Lagos for N112 million? Not even a plot of land can be sold for N280 million in Ikoyi, Lagos not to talk of a compound with two buildings? In Ikoyi, Lagos of today, a four bedroom bungalow won't sell for less than N300 million to talk of a compound comprising two buildings?

“Again, what is REAL Nigeria Limited and F&Dees Nigeria Limited lines of business that the two companies are worth N600 million? And if the companies are worth N600 million, how much returns have they made to the CAC in the last three years?

“It is therefore glaring that the phony assets were just made-up to prepare grounds for looting and we urge the Code of Conduct Bureau

(CCB) and the Economic and Financial crimes Commission (EFCC) to jointly conduct a thorough investigation and evaluation on the assets with a view to ascertaining Fayemi and his deputy's real assets.”