Former Minister of Solid Mineral and Steel Development, Kayode Fayemi
Ekiti state chapter of the Peoples Democratic Party has requested the All Progressives Congress candidate within the July governorship election, Kayode Fayemi, to elucidate how he spent statutory allocations and different funds throughout his administration.
In a assertion launched in Ado-Ekiti on Sunday, chairman of the party, Gboyega Oguntuase stated paperwork confirmed that Fayemi collected N165 billion as allocations, excluding common funds from the Excess Crude Oil Account, grants, internally-generated revenues, amongst others.
Oguntuase additionally stated the Ayodele Fayose administration has finished creditably properly, regardless of the lean sources at its disposal.
He stated; “In 2011, Fayemi received N40.5 billion as month-to-month statutory allocations. In 2012, he received N39.eight billion. In 2013, he received N44.three billion and in 2014, he received N40.1 billion. Whereas, the Fayose administration received N28.2 billion in 2015, N18.eight billion in 2016 and N25.6 billion in 2017.
“Apart from the above monthly allocations, Fayemi still got regular funds from the Excess Crude Oil Account, IGR among others. Despite what Fayemi got, he still borrowed N25 billion from the Capital Market and took N31 billion commercial loans. The question is, what did he do with the money? Nothing. The N25 billion bond and commercial loans, through which he mortgaged the finances of our state for 20 years, were spent on nothing.”