Close Menu
Chronicle NG
    Trending Stories
    Fela tops Rock and Roll Hall of Fame nominee

    Obama pays tribute to Fela Kuti in new podcast ‘Fear No Man’

    October 23, 2025
    Amupitan resumes as INEC boss, pledges credible polls

    Amupitan resumes as INEC boss, pledges credible polls

    October 23, 2025
    Nigeria, EU, UNDP partner on $220m youth jobs drive

    Nigeria, EU, UNDP partner on $220m youth jobs drive

    October 23, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Obama pays tribute to Fela Kuti in new podcast ‘Fear No Man’
    • Amupitan resumes as INEC boss, pledges credible polls
    • Nigeria, EU, UNDP partner on $220m youth jobs drive
    • Neighbour dies as woman trying to kill cockroach sets apartment on fire
    • Liverpool thrash Frankfurt to end losing run in style
    • Chelsea set new record as teenagers humiliate 10-man Ajax
    • Osimhen scores twice in Galatasaray’s 3-1 win over Bodo
    • Davido appointed Osun Sports Trust Fund chairman
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Thursday, October 23
    • 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
    Fayose says PDP will finish fourth in 2027 elections
    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

    Fela tops Rock and Roll Hall of Fame nominee

    Obama pays tribute to Fela Kuti in new podcast ‘Fear No Man’

    Amupitan resumes as INEC boss, pledges credible polls

    Amupitan resumes as INEC boss, pledges credible polls

    Nigeria, EU, UNDP partner on $220m youth jobs drive

    Nigeria, EU, UNDP partner on $220m youth jobs drive

    Neighbour dies as woman trying to kill cockroach sets apartment on fire

    Neighbour dies as woman trying to kill cockroach sets apartment on fire

    Davido reveals his dad's vision for his music career

    Davido appointed Osun Sports Trust Fund chairman

    Mazi Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB), on Tuesday informed the Federal High Court in Abuja that he was ready to open his defense.

    Kanu drops legal team to defend self, lists Sanwo-Olu as witness

    Subscribe to News

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

    Fela tops Rock and Roll Hall of Fame nominee

    Obama pays tribute to Fela Kuti in new podcast ‘Fear No Man’

    October 23, 2025
    Amupitan resumes as INEC boss, pledges credible polls

    Amupitan resumes as INEC boss, pledges credible polls

    October 23, 2025
    Nigeria, EU, UNDP partner on $220m youth jobs drive

    Nigeria, EU, UNDP partner on $220m youth jobs drive

    October 23, 2025
    Neighbour dies as woman trying to kill cockroach sets apartment on fire

    Neighbour dies as woman trying to kill cockroach sets apartment on fire

    October 23, 2025

    Liverpool thrash Frankfurt to end losing run in style

    October 23, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

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