Fayose Left N155.79 Billion Debt – Fayemi

Fayose Left N155.79 Billion Debt – Fayemi

FAYOSE LEFT #155.79BILLION DEBT –FAYEMI

….as Ekiti Speaker flays ex –gov for denying them salaries and furniture allowances

Ekiti State Governor, Dr Kayode Fayemi has put the debts left behind by his predecessor, Ayodele Fayose at #155,791,785,214.08.
Delivering
the State of the State address at the State House of Assembly, governor
Fayemi said the sum was the total debt profile of Ekiti State as at
16th October, 2018.

Fayemi said he inherited “a State that was in
total chaos and a people severely disorientated under a suppressive
government who had raised and promoted deceit into statecraft”.

Fayemi
spoke just as the Speaker of the House , Hon Adediran Alagbada lamented
that the immediate past administration of ex-Governor Fayose, denied
the House members their salaries and furniture allowances despite making
appropriations that covered such expenses.
The governor stated that
his administration had distanced itself from “political witch-hunting
and media trials to score cheap political goals” but decided to give the
State of the State in order to use the “lessons of the past to create
the future of our dreams”.

Fayemi disclosed that Ekiti State
under Fayose received #184.83 billion as income between 2014 and 2018;
noting that the former governor had no reason to owe salaries given the
huge revenue that accrued to the State during the immediate past
administration.
While giving a breakdown of the debt profile, Fayemi
said though borrowing is in itself not a bad thing, borrowing to fund
self-serving and unproductive projects is unpatriotic.

He gave the breakdown of the debt as follows:
Loans
and bonds #57,694,460,298.79; salary arrears #16,777,257,608.52;
outstanding leave bonus #4,402,585,167.53; corpers allowances
#28,883,959.00; outstanding subventions #4,770,676,870.98; pension and
gratuity arrears #39,775,919,872.02, and outstanding contractors claims
#28,575,946,572.25.
Others include Outstanding furniture allowance
#470,266,137.09; severance allowance #586,144,167.51; monitized vehicle
arrears #101,243,387.24; outstanding warrants #386,77,450.64;
outstanding FIRS obligation #184,215,623.43; Traditional rulers arrears
#150,214,204.10; judgement debts #95,048,963.35 and other outstanding
liabilities #1,792,144,931.62.
Fayemi said the debt profile was a product of the audit carried out by Pricewater Coopers (PWC).

The
governor stated that he had used the first 100 days of his
administration to “lay the needed foundation to restore our values and
restore Ekiti State to its rightful position in the comity of States”.

“This
is our first stewardship in the series of others to be witnessed in the
life of this administration in the fulfilment of our obligation to
Ekiti people. As a government, we are more interested in building and
strengthening institutions rather than wielding powers or self
aggrandizement. This is the world best practice in governance and we are
proud to thread that path to attain speedy economic recovery and value
restoration for Ekiti State”, he said.

He called on corporate
organisations, donor agencies, the federal government and Ekiti people
to support his administration in moving Ekiti State forward
“economically, socially and politically”.

Speaking on the
forthcoming election, Fayemi urged everyone to play by the rules and be
law abiding; urging Ekiti people to use the election to consolidate the
gains of his administration in the last 100 days.

In his remarks,
the Speaker of the Assembly, Rt Hon Adeniran Alagbada said Ekiti people
have now got “new hope through the policies and programmes of the
Fayemi-led government”.

Alagbada who said the 100 days of Fayemi
in government is “better than the four years of Fayose” called on Ekiti
people to rally support for the governor to succeed.
He lamented the
poor treatment meted out to members of the House by the fayose
administration, inspite of their support for the former Governor.

He
said, the House had it on record that it made appropriation for for all
government expemses and that it was sad that despite their support the
former Governor denied them their salaries, allowances and furniture
allowances  were well provided for in the four budgets they passed
during the duration of the administration.