Friday, September 11, 2015

Don’t divert N9bn bailout loan, APC warns Fayose

Ado-Ekiti–The All Progressives Congress, APC, in Ekiti
state has asked Governor Ayodele Fayose to make
judicious use of the bail-out loans being facilitated by
the Federal Government.

According to the party; '' This call became imperative
against the backdrop of his alleged misapplication of
the balance of the N4 billion bond taken by former
Governor Adeniyi Adebayo,'' which the party said
Fayose diverted in 2004 to other purposes different
from the terms of the bond agreement.

Ekiti APC Publicity Secretary, Taiwo Olatubosun, said
in a statement that the people would want the
governor to spend the loans for salary and other
debts owed civil servants and former political office

He said the disbursements and spending of the loans
would be monitored to ensure compliance with the
terms of borrowing to curb diversion.

He said: "Our concern is premised on the alarms
Governor Fayose has been raising on the status of
the state's debts, particularly his condemnation of the
Federal Government's bail-out initiative, which he
dismissed as not a bail-out but a statutory allocation.

"It is gratifying that the Federal Government again
made available N9.6 billion to the state to offset
salaries, allowances and other emoluments owed
civil servants, pensioners and former political
appointees, but we have our reservations on Fayose's
new move to access another N10 billion to be repaid
in 10 years.

"Our reservations is premised on the evidence that
the governor presented no development blueprint
before Ekiti people during campaigns," Olatunbosun

"We urge workers to insist that the loans should be
devoted to the payment of their salaries as approved
by the lending authorities. Former political office
holders should impress it on the governor to pay
their severance allowances and other entitlements as
approved in the mandate of the loan scheme.
"Knowing the kind of man the governor is in money
matters, we hereby put the Economic and Financial
Crimes Commission (EFCC) and Independent Corrupt
Practices Commission and other Related Offences
(ICPC) on notice to monitor disbursements of the
loan to ensure that the money does not end up in
private pockets," Olatunbosun concluded.

APC factions reconcile

Meantime, crisis rocking the Ekiti State APC may soon
be over, as leaders and other stakeholders in the
party have been meeting with a view to resolving
their differences and forging a common front that
will return the party to the forefront in the state.

At its meeting yesterday at the Ikere country home of
Bamidele Olumilua, former governor of the old Ondo
State, the leaders lamented the self-inflicted pains
they have caused themselves as a result of lack of
internal democracy and cohesion resulting in the
nose-diving fortune of the party of late.

They however expressed absolute trust in the
leadership of Asiwaju Bola Tinubu, both at the
regional and national levels of APC.

In a communiqué issued after the meeting convened
by Evangelist Olumilua, party faithful observed that
their problem in the state was as a result of the
leadership problems which they suffered and still
suffering after the party lost the gubernatorial
election on 21st June 2014.

The crisis, which they blamed on the inability of the
three former governors, Otunba Niyi Adebayo, Engr.
Segun Oni and the immediate past governor, Dr.
Kayode Fayemi, to cooperate among themselves to
give the party the desired leadership and sense of

AbleMoJah® Nigeria.

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