Close Menu
Chronicle NG
    Trending Stories
    Mikel Arteta was appointed as Arsenal head coach in 2019

    Arteta defends Kepa selection after City beat Arsenal

    March 22, 2026
    Watkins ends goal drought as Aston Villa beat West Ham

    Watkins ends goal drought as Aston Villa beat West Ham

    March 22, 2026
    FG to replace common entrance with continuous assessment

    FG scraps common entrance, track students’ journey with LIN

    March 22, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Arteta defends Kepa selection after City beat Arsenal
    • Watkins ends goal drought as Aston Villa beat West Ham
    • FG scraps common entrance, track students’ journey with LIN
    • ADC begins sale of nomination forms ahead convention
    • Man City end Arsenal quadruple dream with Carabao Cup win
    • Terrorists invade Kwara church, abduct worshippers
    • Nigeria steps in as oil tensions rise in Middle East
    • Ozoro festival: Community leaders explain original purpose amid outrage
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, March 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

    FG to replace common entrance with continuous assessment

    FG scraps common entrance, track students’ journey with LIN

    ADC begins sale of nomination forms ahead convention

    Terrorists Catholic church attacked by terrorists in Cross River

    Terrorists invade Kwara church, abduct worshippers

    Nigeria steps in as oil tensions rise in Middle East

    Nigeria steps in as oil tensions rise in Middle East

    Ozoro festival: Community leaders explain original purpose amid outrage

    Ozoro festival: Community leaders explain original purpose amid outrage

    African Nations turn to Dangote Refinery for fuel supply

    African Nations turn to Dangote Refinery for fuel supply

    Subscribe to News

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

    Mikel Arteta was appointed as Arsenal head coach in 2019

    Arteta defends Kepa selection after City beat Arsenal

    March 22, 2026
    Watkins ends goal drought as Aston Villa beat West Ham

    Watkins ends goal drought as Aston Villa beat West Ham

    March 22, 2026
    FG to replace common entrance with continuous assessment

    FG scraps common entrance, track students’ journey with LIN

    March 22, 2026

    ADC begins sale of nomination forms ahead convention

    March 22, 2026
    Man City end Arsenal quadruple dream with Carabao Cup win

    Man City end Arsenal quadruple dream with Carabao Cup win

    March 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.