The Judicial Commission of Inquiry set up by the Ekiti State
\ngovernment to look into the state’s finances from October 2010 to
\nSeptember 2014 commenced its proceedings today at the Magistrate Court
\n1, Ado-Ekiti, with the first witness disclosing that a total sum of
\nN163, 267,220,048.07 was received from the federation account while
\nN49, 483, 156,394.80 was borrowed by the Fayemi\u2019s government.<\/p>\n
The first witness, Mr. Kehinde Odunayo, who is from the Accountant
\nGeneral\u2019s office read to the commission month by month statutory
\nallocation received by the government during the tenure of Dr. Kayode
\nFayemi and tendered necessary documents to back up his claims.<\/p>\n
Mr Odunayo, who was led in evidence by counsel to the Commission, Mr According to Kehinde \u201cas at the time Fayemi left office in 2014, that He said; “Total Deductions from FAAC allocations in the time under Another witness, Mr. Arogundade Victor, who is the Director of State Arogundade Victor Adeyinka, who works at the state Ministry of According to him, the breakdown of the N20b\u00a0 first tranch of the bond The N5b second tranch of the bond was broken down thus: construction The Judicial Commission of Inquiry set up by the Ekiti State government to look into the state’s finances from October 2010 to September 2014 commenced its proceedings today at the…<\/p>\n","protected":false},"author":1,"featured_media":45601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-59307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n
\nSunday<\/span><\/span>\u00a0Bamise listed the banks from which the 20 different loans were
\nobtained.<\/p>\n
\ndebt incurred from outstanding workers\u2019 emoluments, comprising
\npensions, subventions to schools, among others\u00a0 was N13 , 819,
\n928,727,\u00a0 92\u201d.<\/p>\n
\nreview under the last administration was N18, 684, 785, 314, 75 was
\nallegedly deducted\u00a0in 48 months<\/span><\/span>.”<\/p>\n
\nand Finances, of the Ministry of Finance gave details of loans in the
\nstate between 2010-2014 which was tally with the one tendered by the
\nwitness from the office of Accountant General.<\/p>\n
\nFinance, tendered a document that indicated how the N25 billionbond
\nwas expended.<\/p>\n
\nindicated that a sum of N468 million was\u00a0 to be spent on Ero Dam,
\nUreje Dam,\u00a0 N500m, building of the school of Agriculture, N750m, Road
\nConstruction, N2.6 building of Lagos Liaison office, N500m, building
\nof modern market in Ado Ekiti, N2b, building of new government house,
\nN633m, new governor\u2019s office, N400m, Ikogosi Warm Spring, N1.5b, Civic
\nCentre, N1 billion, totaling N19.3 billion.<\/p>\n
\nof Ilawe-Igbara Odo-Ibuji road, N894m, Ikole-Ijesa Isu road, N1.34b,
\nEwu Bridge, N20m, State Pavilion, N1.553b and Ire Resuscitation of Ire
\nBurnt Brick,\u00a0 N966m, totaling N4.84b.<\/p>\n","protected":false},"excerpt":{"rendered":"