Former Minister of Solid Mineral and Steel Development, Kayode Fayemi

Ekiti state chapter of the Peoples Democratic Party has asked the All Progressives Congress candidate in the July governorship election, Kayode Fayemi, to explain how he spent statutory allocations and other funds during his administration.

In a statement released in Ado-Ekiti on Sunday, chairman of the party, Gboyega Oguntuase said documents showed that Fayemi collected N165 billion as allocations, excluding regular funds from the Excess Crude Oil Account, grants, internally-generated revenues, among others.

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Oguntuase also said the Ayodele Fayose administration has done creditably well, despite the lean resources at its disposal.

He said; “In 2011, Fayemi got N40.5 billion as monthly statutory allocations. In 2012, he got N39.8 billion. In 2013, he got N44.3 billion and in 2014, he got N40.1 billion. Whereas, the Fayose administration got N28.2 billion in 2015, N18.8 billion in 2016 and N25.6 billion in 2017.

“Apart from the above monthly allocations, Fayemi still got regular funds from the Excess Crude Oil Account, IGR among others. Despite what Fayemi got, he still borrowed N25 billion from the Capital Market and took N31 billion commercial loans. The question is, what did he do with the money? Nothing. The N25 billion bond and commercial loans, through which he mortgaged the finances of our state for 20 years, were spent on nothing.”