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Fayose allays Fayemis fears on debt
News & Trends •
fayemi was already preparing excuses for his impending failure at the tribunal fayose said1 outgoing governor ayodele fayose of ekiti on sunday allayed the concerns of governor-elect kayode fayemi who feared he would inherit humongous debt nearing n117 billion1 the news agency of nigeria nan reports that the governor did not cooperate with the transition committee set up by incoming-governor dr. kayode fayemi1 fayose snubbed the request by the committee for certain records of his tenure1 he claimed the committeee is illegal1 fayose in a statement by his special assistant on public communications and new media lere olayinka urged the governor-elect to stop spreading falsehood about him or the finances of his administration1 he described as mere fabrication the claim that his government had accumulated a debt of n117 billion as against the n18 billion it inherited1 with exactly 35 days to leave office fayose said his handover note was ready for the scrutiny for those making enquiries about his government1 fayose insisted that the state government under him has no obligation to relate with any committee not empowered by law stating that the governor-elect should wait for the handing over note that will be handed to him on october 161 he said it was funny that the same transition committee that claimed it did not get any information from the state government estimated the state debt at n117 billion1 he reiterated that his government only received n10 billion grant from the excess crude account which was released to all states for capital projects as well as budget support fund released to states by the federal government1 it is on record that ekiti state government was indebted to the tune of n86 013689097 as at october 16 2014 that governor fayose took over1 the debts are broken down as follows bank loans n15 831613425.62 bond n26 749796784.75 outstanding warrants n15 522552900.76 outstanding to road contractors n21 286126749 outstanding remittances to fg n709 883656.75 outstanding remittances state govt n592 995374.89 and eksg public servants outstanding emoluments n5 137888224.37 he said1 the governor counselled fayemi to face the task of defending the mandate that he stole and his fraudulent emergence as the apc candidate instead of treading the usual path of deceiving the public to cover up his failure nan1