Loading...

Author Topic: APC to Fayose: You can’t escape scrutiny in bailout disbursement  (Read 88 times)

0 Members and 1 Guest are viewing this topic.

Offline Ereporter

  • Hero Member
  • *****
  • Posts: 796
    • View Profile


The All Progressives Congress (APC) in Ekiti State has told Governor Ayodele Fayose to stop playing pranks to avoid the scrutiny of the Senate Committee on Local Governments in the disbursement of the bailout cash approved to the state by the Federal Government.

It said the bailout is different from the regular federal allocation that cannot be monitored by the allocating authority, stressing that the governor cannot hide under the constitution to abuse a special intervention scheme that specifically insisted on a set of rules for a strict application of the funds for the purpose for which it was approved.Fayose had written the Federal Government, citing separation of power and independence of the state in the appropriation and application  of  federal funds allocated to the state governments, insisting that fiscal independence by the states would not allow his government to open its books to the Senate Committee touring the states to investigate how the bailout cash was spent.

But Publicity Secretary, Taiwo Olatunbosun, said in a statement that Fayose was playing with facts and the law to avoid scrutiny on how he spent the special funds specifically approved to pay the backlog of salaries, pensions and other entitlements to former political office holders.

He said the governor’s “recalcitrant action” was a confirmation of the party’s earlier allegation that he had misappropriated the fund.

Describing Fayose’s stance as laughable, Olatunbosun said: “Fayose cannot pretend that he did not know that the Federal Government attached certain terms and conditions to the bailout before he collected it and we wonder why a governor that agreed to the terms is now refusing to explain how he spent the money to establish transparency in the application of such terms.

“The bailout is like taking a bond that is programme-specific and Fayose knew this before he took the bailout and we wonder why he is now behaving as if the bailout is a Father Christmas gift that doesn’t require accountability.

“It is now glaring that Fayose has many things to hide, as we had on several occasions cried that he had diverted the bailout to his private pocket instead of using it to pay salaries as the main condition attached to the loan.”

He conceded that the House of Assembly had oversight functions over statutory allocations, explaining, however, that the bailout  was a dedicated fund approved by the National Assembly for the Central Bank of Nigeria to disburse to states owing their workers.”Since the National Assembly has oversight functions on the CBN and other federal agencies, it follows, therefore, that it can monitor how the bailout is spent by asking questions.

“In fact, one of the conditions attached to the disbursement of the bailout is that its disbursement by the benefitting states  shall be monitored by the  CBN and this means the National Assembly can also monitor,” he explained.

Accusing the governor for being motivated by “his tradition of fraud and muddling up of facts” by quoting irrelevant sections of the constitution  to escape the scrutiny of the National Assembly, Olatunbosun said it was regrettable that Fayose was owing just one month salary of less than N2b when he took N9.6b bailout, but paid only one month salary and refused to pay pensioners, leave bonus and severance allowances of former political office holders as approved in the protocols of the bailout approval.

He said it was the knowledge of the governor’s conduct for alleged fraudulent practices that forced the party to raise the alarm on many  occasions calling on the CBN and anti-corruption agencies to force Fayose to explain how he spent the balance of the money after paying just one month salary.

Olatunbosun insisted that Fayose must also explain to the EFCC how he misappropriated the balance of the bailout, including the World Bank’s grants in dollars for core subjects and the rural postings allowance, which he changed to naira and allegedly kept a part totalling over N600m to himself.

He added: “Fayose must also explain how he spent N850 million that was supposed to be returned to government account as PAYEE money deducted from workers’ accounts, but which was diverted to a private account in Sterling Bank with the governor as the sole signatory.

“The PAYEE account as a result of deductions from workers is not up to N850 million in actual fact, but the figure was inflated so that the balance would end up in private pocket while the fake figure is in government’s books.

Source: http://nigerianewsnow.com.ng/2016/11/17/apc-to-fayose-you-cant-escape-scrutiny-in-bailout-disbursement/



 

INEC Card Reader is a fraud, it will mar polls ? Fayose reject INEC card reader

Started by internet police

Replies: 0
Views: 209
Last post March 09, 2015, 10:35:01 AM
by internet police
Fayose indicts prison officials over Ekiti prison attack

Started by jchima14

Replies: 0
Views: 155
Last post December 03, 2014, 08:39:20 AM
by jchima14
Fayose slams Obasanjo , says Obasanjo is the father of corruption in Nigeria

Started by internet police

Replies: 0
Views: 217
Last post March 17, 2017, 03:07:47 AM
by internet police
Ekiti Debt Profile: Fayose Accuses Fayemi of running the state into massive debt

Started by jchima14

Replies: 0
Views: 470
Last post October 20, 2014, 12:40:44 PM
by jchima14
Buhari on working visit to UK,Fayose Accuse buhari of travelling for treatment

Started by mastercode

Replies: 0
Views: 305
Last post February 20, 2015, 03:14:41 PM
by mastercode
Ekiti Crisis Deepens: Tension mounts As Fayose Tells Residents To Disobey Fayemi

Started by jchima14

Replies: 0
Views: 182
Last post October 15, 2014, 08:52:17 AM
by jchima14
Fayose opens up on Access Bank shutdown after Fani-Kayode’s wife detention saga

Started by Goodiez Chibuike Nwachukwu

Replies: 0
Views: 65
Last post October 19, 2016, 02:04:34 PM
by Goodiez Chibuike Nwachukwu
Ekiti state newly Elected Governor Fayose vows not to recognise 19 new LCDAs

Started by internet police

Replies: 0
Views: 301
Last post August 13, 2014, 07:41:51 AM
by internet police
Ekiti crisis: Shehu Sani mocks PDP, says Fayose?s rice was mixed with marijuana

Started by mastercode

Replies: 0
Views: 164
Last post September 30, 2014, 11:12:03 AM
by mastercode
Fayose Raises Alarm over Fayemi's fresh N1bn Loan, Blasts Soyinka

Started by jchima14

Replies: 0
Views: 180
Last post October 14, 2014, 06:59:58 AM
by jchima14