Chairman of the Ekiti State Universal Basic Education Board (SUBEB),
\nSenator Bode Ola has described as false, media reports that former
\nGovernor of the State and Minister of Solid Minerals Development, Dr
\nKayode Fayemi was cleared of any complicity in the alleged
\nmisappropriation of N852.9 million fund belonging to SUBEB.<\/p>\n
Senator Bode Ola told journalists in Ado Ekiti\u00a0on Thursday<\/span><\/span>, that \u201cFrom \u201cThe loan was gotten from the bank without agreement as to interest \u201cHow could the said bank that Fayemi collaborated with to defraud \u201cThe money was paid into SUBEB Account in November 2013, while it was Senator Ola disclosed that \u201cthe committee, report of which is now He said the committee was set up so as to enable SUBEB to respond to The SUBEB Chairman disclosed that \u201cOn April 16, 2015, UBEC wrote a He said \u201cWhile we do not speak for the State Government, we make bold \u201cAlso, if the committee actually exonerated Dr Fayemi, what then was \u201cMost importantly, the Judicial Panel of Inquiry was not set up to \u201cFinally, we wish to urge Dr Fayemi and his men to seize the Chairman of the Ekiti State Universal Basic Education Board (SUBEB), Senator Bode Ola has described as false, media reports that former Governor of the State and Minister of Solid Minerals…<\/p>\n","protected":false},"author":1,"featured_media":58985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-58984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n
\nthe content of the committee report being referred to, it is clear
\nwithout any ambiguity that financial crime was committed. It was
\nestablished that the Ekiti State Government under Dr Kayode Fayemi
\nfraudulently obtained loan from the Bank and moved the fund out of the
\nSUBEB account one year after.<\/p>\n
\nrate, terms of payment and no Irrevocable Standing Payment Order
\n(ISPO).<\/p>\n
\nEkiti and caused the suspension of the State from benefitting from
\nUBEC funds, have granted loan without first agreeing on interest rate
\nand terms of payment?<\/p>\n
\nmoved out of the account in October 2014 \u2013 close to one year after the
\nmoney was paid and used to access UBEC matching grant and contracts
\nawarded.\u201d<\/p>\n
\nbeing celebrated just to confuse the public because of the Judicial
\nPanel of Inquiry set up by the government to investigate the financial
\nactivities of Fayemi\u2019s government, was just for fact finding and not
\nto indict or exonerate anyone.\u201d<\/p>\n
\nUBEC and also remove the embargo placed on Ekiti SUBEB by the UBEC.<\/p>\n
\nletter to the Ekiti SUBEB in which it said clearly that the action of
\nthe government constituted serious financial crime and also violated
\nSection 11(2) of the UBE Act 2004 and also went further to threatened
\nto report to the EFCC if the N852.9 million counterpart fund was not
\nreturned.\u201d<\/p>\n
\nto say that assuming but not conceding that the said report actually
\nexonerated Dr Fayemi, he should rather use it as part of his defense
\nat the Judicial Panel of Inquiry rather than running to the media to
\ndeceive the public.<\/p>\n
\nthe need for him to seek court injunction to stop the Judicial Panel
\nof Inquiry?<\/p>\n
\nwitch-hunt anyone and its terms of reference go beyond the SUBEB
\nissue.<\/p>\n
\nopportunity of the Judicial Panel of Inquiry to clear their names of
\nany allegation leveled against them instead of seeking to deceive the
\npublic with false media reports.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"