Close Menu
Chronicle NG
    Trending Stories
    Health workers responding to Ebola outbreak in DR Congo Ituri province

    WHO declares DR Congo, Uganda Ebola outbreak global health emergency

    May 17, 2026
    Health workers responding to Ebola outbreak in DR Congo Ituri province

    65 dead as DR Congo confirms new Ebola outbreak

    May 17, 2026
    Packets of counterfeit Augmentin 625mg tablets flagged by NAFDAC over fake batch numbers and health risks in Nigeria.

    NAFDAC warns Nigerians over counterfeit Augmentin 625mg tablets

    May 17, 2026
    Facebook X (Twitter) Instagram
    Trending
    • WHO declares DR Congo, Uganda Ebola outbreak global health emergency
    • 65 dead as DR Congo confirms new Ebola outbreak
    • NAFDAC warns Nigerians over counterfeit Augmentin 625mg tablets
    • Oyo shuts schools after students, principal abduction
    • Benue youths protest during APC primaries, reject political activities over killings
    • Bruno Fernandes equals assist record as Man United beat Forest 3-2
    • Frank Edoho laments, says ‘I don’t want to die because of a woman’
    • Chelsea appoint Alonso as new manager after turbulent season
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, May 18
    • 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

    Health workers responding to Ebola outbreak in DR Congo Ituri province

    WHO declares DR Congo, Uganda Ebola outbreak global health emergency

    Health workers responding to Ebola outbreak in DR Congo Ituri province

    65 dead as DR Congo confirms new Ebola outbreak

    Packets of counterfeit Augmentin 625mg tablets flagged by NAFDAC over fake batch numbers and health risks in Nigeria.

    NAFDAC warns Nigerians over counterfeit Augmentin 625mg tablets

    Security concerns rise in Oyo communities as schools shut following student abduction in Oriire LGA.

    Oyo shuts schools after students, principal abduction

    Benue: Protesting Plateau women destroy military checkpoints over killings

    Benue youths protest during APC primaries, reject political activities over killings

    Frank Edoho, ex-wife fight dirty over infidelity, divorce

    Frank Edoho laments, says ‘I don’t want to die because of a woman’

    Subscribe to News

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

    Health workers responding to Ebola outbreak in DR Congo Ituri province

    WHO declares DR Congo, Uganda Ebola outbreak global health emergency

    May 17, 2026
    Health workers responding to Ebola outbreak in DR Congo Ituri province

    65 dead as DR Congo confirms new Ebola outbreak

    May 17, 2026
    Packets of counterfeit Augmentin 625mg tablets flagged by NAFDAC over fake batch numbers and health risks in Nigeria.

    NAFDAC warns Nigerians over counterfeit Augmentin 625mg tablets

    May 17, 2026
    Security concerns rise in Oyo communities as schools shut following student abduction in Oriire LGA.

    Oyo shuts schools after students, principal abduction

    May 17, 2026
    Benue: Protesting Plateau women destroy military checkpoints over killings

    Benue youths protest during APC primaries, reject political activities over killings

    May 17, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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