It has been revealed that former governor of Ekiti State, Ayodele Fayose left behind 155.76 billion naira debt for his successor to tackle,
According to the new governor of the state, Kayode Fayemi the figures, which encompass the accounts of the state from October 2014 to last October, was arrived by the report of an external auditing firm, PwC engaged to audit the state’s books.
Fayemi, who spoke on the floor of the state house of assembly on his first 100 days in office, said his administration inherited a state that was in chaos and a people severely disoriented under a suppressive government that allegedly raised and promoted deceit into a statecraft.
The breakdown of the debt profile included loan, 57.7 billion naira; salary arrears, 16.77 billion naira; outstanding leave bonus, 4.40 billion naira; outstanding (National Youth Service Corps) Corpers’ allowance, 28.88 million naira; outstanding subvention, 4.77 billion naira; pension and gratuity arrears, 39.77 billion naira and outstanding contractors claims, 28.57 billion naira.
Others include outstanding furniture allowance, 470.27 million naira; outstanding severance allowance, 586.14 million naira; monetised vehicle arrears, 101.24 million naira; outstanding warrants, 386.78 billion naira; outstanding (Federal Inland Revenue Service) FIRS obligation, 184.21 million naira; traditional rulers’ arrears, 150.21 million naira; judgment debts, 95.05 million naira and other outstanding liabilities, 1.79 billion naira.
Fayemi said though his administration had tried to distance itself from political witch- hunt and media trials, he noted that “the fact that the present is the product of the past is incontrovertible”.
“We must examine our tortuous path with a view to charting a new path to economic recovery and value restoration,” the governor stated.
Fayemi said though his administration had tried to distance itself from political witch- hunt and media trials, he noted that “the fact that the present is the product of the past is incontrovertible”.
“We must examine our tortuous path with a view to charting a new path to economic recovery and value restoration,” the governor stated.
“Despite the meagre resources at our disposal, we are meticulously delivering on our promises to the people through our various short, medium and long-term socio-economic intervention programmes."
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