Close Menu
Chronicle NG
    Trending Stories
    Bishop David Oyedepo preaching at Living Faith Church Ota declaring judgment on bandits in Nigeria

    Oyedepo tells members to call him if abducted

    April 24, 2026
    Fenerbahçe issue complaint against Osimhen’s mask

    Fenerbahçe issue complaint over Osimhen’s mask

    April 24, 2026
    Iran national team preparing for 2026 World Cup amid FIFA confirmation

    FIFA confirms Iran for World Cup, rules out Italy as replacement

    April 24, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oyedepo tells members to call him if abducted
    • Fenerbahçe issue complaint over Osimhen’s mask
    • FIFA confirms Iran for World Cup, rules out Italy as replacement
    • US offers $10m reward for Iraqi terrorists group leader
    • King Charles to visit US amid dwindling political ties under Trump
    • 12 escape as Boko Haram deadline ends, 404 still missing
    • Nigeria decentralises power sector as states take regulatory control
    • Court defers Yahaya Bello trial over EFCC witness dispute
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Friday, April 24
    • 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

    Bishop David Oyedepo preaching at Living Faith Church Ota declaring judgment on bandits in Nigeria

    Oyedepo tells members to call him if abducted

    US President Donald Trump warns Iran to reopen Strait of Hormuz amid rising global oil tensions

    US offers $10m reward for Iraqi terrorists group leader

    King Charles hosts Nigerians in diaspora ahead of Tinubu’s visit

    King Charles to visit US amid dwindling political ties under Trump

    Boko Haram displays kidnapped victims in Borno

    12 escape as Boko Haram deadline ends, 404 still missing

    Electricity infrastructure in Nigeria as states assume control of power regulation under new decentralisation law

    Nigeria decentralises power sector as states take regulatory control

    Court delays Yahaya Bello trial to decide if EFCC can reuse witness statement in disputed testimony over alleged money laundering.

    Court defers Yahaya Bello trial over EFCC witness dispute

    Subscribe to News

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

    Bishop David Oyedepo preaching at Living Faith Church Ota declaring judgment on bandits in Nigeria

    Oyedepo tells members to call him if abducted

    April 24, 2026
    Fenerbahçe issue complaint against Osimhen’s mask

    Fenerbahçe issue complaint over Osimhen’s mask

    April 24, 2026
    Iran national team preparing for 2026 World Cup amid FIFA confirmation

    FIFA confirms Iran for World Cup, rules out Italy as replacement

    April 24, 2026
    US President Donald Trump warns Iran to reopen Strait of Hormuz amid rising global oil tensions

    US offers $10m reward for Iraqi terrorists group leader

    April 24, 2026
    King Charles hosts Nigerians in diaspora ahead of Tinubu’s visit

    King Charles to visit US amid dwindling political ties under Trump

    April 24, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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