Close Menu
Chronicle NG
    Trending Stories
    The NERDC has reduced the cost of textbook assessment, directing that publishers who paid the previous, higher assessment fees be reimbursed.

    NERDC cuts textbook assessment fees, orders refunds for publishers

    July 22, 2026
    Japanese office workers wearing shorts as part of Tokyo's Cool Biz summer workplace dress code initiative.

    Japan urges men to wear shorts to work, but women say it’s ‘leg hair harassment’

    July 22, 2026
    Abdullahi Ganduje speaking to journalists while dismissing the chances of a Peter Obi-Rabiu Kwankwaso ticket in the 2027 election.

    Ganduje says Obi, Kwankwaso have no legacy to win 2027 election

    July 22, 2026
    Facebook X (Twitter) Instagram
    Trending
    • NERDC cuts textbook assessment fees, orders refunds for publishers
    • Japan urges men to wear shorts to work, but women say it’s ‘leg hair harassment’
    • Ganduje says Obi, Kwankwaso have no legacy to win 2027 election
    • CREDICORP: How to apply for FG’s loan for laptops, smartphones
    • Obi-Kwankwaso ticket ‘dead on arrival’, says Ganduje
    • Nasarawa gov says Muslim-Muslim ticket does not discriminate Christians
    • Nasarawa gov prays Nigeria gets winning Christian-Christian ticket
    • Troops rescue 27 victims, foil kidnap attempts in Zamfara, Sokoto
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Wednesday, July 22
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Fayemi not inheriting N117 billion debt – Fayose

    Chronicle EditorBy Chronicle EditorSeptember 9, 2018No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    President Bola Tinubu announces the appointment of 26 officials to the boards and management of 10 federal government agencies and commissions.
    Former Ekiti governor, Ayodele Fayose
    Facebook Twitter WhatsApp
    Governor Ayodele Fayose of Ekiti says he will not be leaving a N117 billion debt
    Governor Ayodele Fayose of Ekiti says he will not be leaving a N117 billion debt

    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 billion.

    With exactly 35 days to leave office, Fayose said his handover note was ready for the scrutiny for those making enquiries about his government.

    NAN reports that the governor did not cooperate with the Transition Committee set up by incoming governor, Dr. Kayode Fayemi.

    Fayose snubbed the request by the committee, for certain records of his tenure.

    He claimed the committeee is illegal.

    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 administration.

    He described as mere fabrication, the claim that his government had accumulated a debt of N117 billion as against the N18 billion it inherited.

    Fayemi was “already preparing excuses for his impending failure at the tribunal,” Fayose said.

    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 16.

    READ: UK naval officer contracts monkeypox from Nigeria

    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 billion.

    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 Government.

    “It is on record that Ekiti State Government was indebted to the tune of N86, 013,689,097 as at October 16, 2014 that Governor Fayose took over.

    “The debts are broken down as follows: Bank Loans; N15, 831,613,425.62, Bond; N26, 749,796,784.75, Outstanding Warrants; N15, 522,552,900.76, Outstanding to Road Contractors; N21, 286,126,749, Outstanding Remittances to FG; N709, 883,656.75, Outstanding Remittances (State Govt); N592, 995,374.89 and EKSG Public Servants Outstanding Emoluments; N5, 137,888,224.37,” he said.

    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”,


    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    The NERDC has reduced the cost of textbook assessment, directing that publishers who paid the previous, higher assessment fees be reimbursed.

    NERDC cuts textbook assessment fees, orders refunds for publishers

    Japanese office workers wearing shorts as part of Tokyo's Cool Biz summer workplace dress code initiative.

    Japan urges men to wear shorts to work, but women say it’s ‘leg hair harassment’

    Abdullahi Ganduje speaking to journalists while dismissing the chances of a Peter Obi-Rabiu Kwankwaso ticket in the 2027 election.

    Ganduje says Obi, Kwankwaso have no legacy to win 2027 election

    CREDICORP: How to apply for FG’s loan for laptops, smartphones

    CREDICORP: How to apply for FG’s loan for laptops, smartphones

    Abdullahi Ganduje speaking to journalists while dismissing the chances of a Peter Obi-Rabiu Kwankwaso ticket in the 2027 election.

    Obi-Kwankwaso ticket ‘dead on arrival’, says Ganduje

    Nasarawa State Governor Abdullahi Sule has announced his intention to run for the Nasarawa North senatorial district seat during the 2027 general election.

    Nasarawa gov says Muslim-Muslim ticket does not discriminate Christians

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    The NERDC has reduced the cost of textbook assessment, directing that publishers who paid the previous, higher assessment fees be reimbursed.

    NERDC cuts textbook assessment fees, orders refunds for publishers

    July 22, 2026
    Japanese office workers wearing shorts as part of Tokyo's Cool Biz summer workplace dress code initiative.

    Japan urges men to wear shorts to work, but women say it’s ‘leg hair harassment’

    July 22, 2026
    Abdullahi Ganduje speaking to journalists while dismissing the chances of a Peter Obi-Rabiu Kwankwaso ticket in the 2027 election.

    Ganduje says Obi, Kwankwaso have no legacy to win 2027 election

    July 22, 2026
    CREDICORP: How to apply for FG’s loan for laptops, smartphones

    CREDICORP: How to apply for FG’s loan for laptops, smartphones

    July 22, 2026
    Abdullahi Ganduje speaking to journalists while dismissing the chances of a Peter Obi-Rabiu Kwankwaso ticket in the 2027 election.

    Obi-Kwankwaso ticket ‘dead on arrival’, says Ganduje

    July 22, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.