N170bn Debt: Fayemi Is A Serial Liar, He Should At Least Fear God – Fayose

The immediate past governor of Ekiti state, Ayodele Fayose

Former governor of Ekiti State, Ayodele Fayose, has described as false, the claim by Governor Kayode Fayemi, that the state is indebted to the tune of N170 billion.

A statement issued on Wednesday by the Media Aide of Fayose, Lere Olayinka, stated that the state’s indebtedness was under N60 billion.

The statement also gave the breakdown of the debt as follows: “Commercial Bank Loan, N2,087,788,065.28; CBN Grant for Water Project, N163,450,000; Excess Crude Account Backed Loan, N9,545,173,472.78; Bailout, N9,083,761,215.40; FGN Bonds, N18,226,699,707.18; State Bonds, N3,484,469,345.51 and Budget Support, N16,869,000,000.

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Describing Fayemi as serial a liar, Olayinka task the governor to publish loans approved by the state House of Assembly.

“Instead of lying so blatantly to cover up his impending failure, Fayemi should publish the Debt Management Office (DMO), Ekiti State Executive Council and House of Assembly approvals for the loans since no loan can be taken without these approvals.

He, however, urge the governor to use the over N30 billion to be released to the state by federal government to clear all salaries.

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“The federal government deliberately refused to release legitimate funds belonging to Ekiti State to the Fayose administration and for this reason, the arrears of salary could not be cleared as promised.

“We are aware that in a matter of days, the withheld fund of over N30 billion is to be released to the State by the federal government as refund on federal roads construction, arrears of Budget Support and Paris Club refund.

“Our plea is that Governor Fayemi should stop making excuses and use the over N30 billion to pay workers salary.”

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