It is an open secret that there is no love lost between Ekiti State Governor, Ayodele Fayose and governor-elect Kayode Fayemi.

There has been accusations and counter-accusations by both parties over the finances of the state.

In latest comments, Fayose said he was not afraid of being probed by the incoming administration on the management of state treasury after his exit from power.

Fayose disputed the claim of the Transition Committee set up by the governor-elect, Kayode Fayemi, that latest record from the Debt Management Office (DMO) showed that Ekiti debt under his watch had ballooned to 117 billion Naira.

The panel made the revelation on Friday while turning in its report to the governor-elect.

Fayose contended that Fayemi was laying foundation for “an impending failure” with the excuses of the alleged 117 billion Naira which he described as a ruse to hoodwink Ekiti people.

In a statement on Sunday by his media aide, Lere Olayinka, Fayose wondered why Fayemi could not avail himself of the opportunity to clear himself of the way and manner he handled the state treasury before the Judicial Commission of Inquiry which probed his administration.

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The outgoing governor claimed that he did not commit the State to any financial institution in form of bonds and commercial loans.

According to him, “no loan can be granted without the approval of the DMO and the Federal Ministry of Finance, throwing a challenge to the two institutions to publish details of any loan taken by his administration, including the banks that granted such loans.”

Fayose said: “Unlike him (Fayemi) who was not courageous enough to answer questions on his administration before a duly constituted probe panel, Governor Fayose is not afraid of being probed either by the State or Federal Government".

Fayose accused the Federal Government of deliberately refusing to release legitimate funds belonging to Ekiti State to his government.

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He alleged that 22.6 billion Naira refund on federal roads construction, 2.1 billion Naira arrears of Budget Support and 14.1 billion Naira Paris Club refund, making 38.8 billion Naira, which should have been paid to the State since June was billed to be released in November to Fayemi’s government.

He admonished Fayemi to use the 38.8 billion Naira to clear the arrears of workers salary, which would have been paid by now if the Federal Government had released the fund, on the basis of which Governor Fayose promised to clear arrears of workers salary before leaving office.

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