Ekiti Got N163,267b Allocation Under Fayemi, Witness Tells Panel

Ekiti Got N163,267b  Allocation Under Fayemi, Witness Tells Panel

The sum of N163, 267,220, 48, 07 billion statutory allocations were received by the administration of the former governor of Ekiti State, Dr Kayode Fayemi in four years, the Judicial Panel of Enquiry set up by the state government to probe the administration  heard on Monday.
Some N18 billion unremitted deductions were also allegedly made from the allocations received within the period in review under the administration of the former governor.
Mr. Kehinde Odunayo, who is a witness from the state Accountant General’s Office, made the disclosure, while tendering documents relating to the alleged receipt and deductions before the Judicial Panel which began hearing Monday.
Governor Ayodele Fayose’s government set up the panel to probe the four year administration of his predecessor, Dr. Fayemi, who is now the Minister of Mines and Steel Development.
Counsel to the Commission, Mr. Sunday Bamise, had earlier told the court that two witnesses, Kehinde from the AG’s Office and one Mr. Adeyinka Arogundade from the Ministry of Finance will give evidence in support of the probe.
Bamise noted that paragraph (2a) of the terms of reference of the Justice Silas Oyewole( rtd)-led judicial commission specified the need to present veracious and appropriate documentary evidence to ascertain the money that accrued to Ekiti under Fayemi’s administration.
Fayemi had approached to challenge the composition of the panel of enquiry, which he described as illegal.
The witnesses, in their testimonies urged the commission to admit as evidence, their statements on oath deposed to on July 26, 2017, as the financial position of the state between October, 2010 and September, 2014, when Fayemi was in charge.
The foregoing documents were admitted as Exhibits A 1 and B1 respectively.

Kehinde, Deputy Director, Fund management in the AG’s office tendered a document entitled: ‘Total Deductions from FAAC allocations in the time under review ‘, where it was revealed that a total of N18, 684, 785, 314, 75 was allegedly deducted in 48 months under the last administration and this was tendered and admitted as exhibit A2.
The witness revealed that the state indebtedness under Fayemi in terms of loans and bond was a sum N49 billion, with N25b taken as bond from the capital market and N24 billion as commercial loans from ten banks.
A document that was admitted as Exhibit A 13 revealed that the level of loan repayment when Fayemi left the office was N 42, 691, 410,210, 37.
He said “as at the time Fayemi left office in 2014, that debt incurred from outstanding workers’ emoluments , comprising pensions , subventions to schools, among others was N13 , 819, 928,727, 92”.
Shedding light on how the money was expended, Arogundade tendered a document that indicated how the N25 billion bond was expended.

The breakdown of the N20b first tranche of the bond indicated that a sum of N468 million was to be spent on Ero Dam, Ureje Dam, N500m, building of the school of Agriculture, N750m, Road Construction, N2.6b, building of Lagos Liaison office, N500m, building of modern market in Ado Ekiti, N2b, building of new government house, N633m, new governor’s office, N400m, Ikogosi Warm Spring, N1.5b, Civic Centre, N1 billion, totaling N19.3 billion”.