Home >> Ekiti News >> We are Justified on N5.7billion refund for Fayose – Ekiti APC

We are Justified on N5.7billion refund for Fayose – Ekiti APC




The All Progressives Congress (APC) in Ekiti State has said it has been vindicated on its claims that Governor Ayo Fayose received N5.7billion refund on federal roads executed by his predecessor, Kayode Fayemi.

This followed a revelation by former Peoples Democratic Party (PDP) Secretary, Dr. Tope Aluko.

The party said the exposé by Aluko, who was a member of Fayose’s inner caucus, has revealed how the state treasury is being managed under the governor’s watch.

In a statement by its Publicity Secretary, Taiwo Olatunbosun, the APC regretted that contrary to Fayose’s claim that nothing is hidden on the state finances, the management of the treasury “is still shrouded in secrecy”.

Aluko twice last week, in a live interview programme on Adaba 88.9 FM, alleged that Fayose collected reimbursements on the execution of federal road projects, including Ado-Ifaki Highway, which were allegedy lodged in “secret accounts”.

The erstwhile PDP scribe also revealed that part of the refund on federal roads that the governor collected after October 2014 was never accounted for or reflected in the 2015 and 2016 budgets.

He (Aluko) added that the revelations by the Commissioner for Finance, Toyin Ojo, to the Economic and Financial Crimes Commission (EFCC) and Department for State Services (DSS) jolted Fayose to quickly surrender the money and divert part of it to the over-head bridge he never planned for.

Olatunbosun, said the party had been vindicated in its claim that Fayose collected the refunds totaling N22 billion part of which Aluko confirmed.


The party spokesman said: “The governor thrice during his media chat denied collecting any money as refunds on the federal roads.

“It is great now that the fact has emerged that the governor collected the money and kept it in a secret account.”

Olatunbosun added: “Why did Fayose deny in the first place that he collected N22 billion refund on roads of which Aluko confirmed N5.7 billion?

“Where was the money lodged since October 2014 when it was paid?

“How much interest has accrued and where is it? How much mobilisation was paid to the contractor handling the flyover?

“Why did Fayose shroud the refund in secrecy? How can you have this kind of money and you owe workers for five months only to divert it to another dubious over-head bridge ?

“This is the same way Fayose did not disclose that a bank sponsored the construction of Funmi Olayinka House with N600 million while another bank paid N400 million for the construction of less than one km Ikere road dualisation which Fayose awarded at over N400 million.

“The bailout fund, which he collected from the Federal Government, has been cornered by Fayose who kept the money in an undisclosed account.”

months while workers, pensioners and past political office holders have not been paid their entitlements.

“Governor Fayose is yet to account for the N10 billion loan he recently obtained from the Federal Government which he put in Access Bank. The loan was released to the state shortly after he collected the bailout but both have been diverted.


“Despite collecting all these funds, the governor owes Ekiti workers and pensioners over five months salary arrears. This is unconscionable and heartless to put the people’s money away in a secret account for selfish reasons, only to splash the money on non-priority project when the fraud was about to be exposed,” he said.

He added: “He is now using part of the refund on roads, N10 billion loan and the bailout which he has diverted to construct the flyover while workers salaries are left unpaid, even as doctors in Ekiti State hospitals are currently on strike due to non-payment of salaries while many people are dying but Fayose is not bothered.”

Olatunbosun urged the governor to stop making Ekiti people go to bed on empty stomach while the governor devoted Ekiti money to his private comfort.

He also urged Ekiti people, EFCC and other security agencies to ask the governor to account for all the monies, including arbitrary rates and taxes, he had received from various sources but refused to disclose the accounts into which they were kept to Ekiti people.
Source: The Nation
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One comment

  1. Ajibade Phillips .A

    Enough of cries and hues over payment of N22b on a project ( Ado- Iworoko -Ifaki dualization which was awarded at a total contract sum of N6.378b and later reviewed to N7.4b during Engr Segun Oni’s tenure . . As at Today d constrution is less than 70% completion Inspite of d upward review by Gov Fayemi to N11b . Fed Govt would not pay for uncompleted project and to d project had been compounded by non -approval by due process ( No presidential approval ) . Assuming all these were granted , how could d FG pay N22b for a project of N7.4 or N11b ?

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