The All Progressives Congress, APC, in Ekiti State has warned Governor Ayodele Fayose not to divert the bailout loans being facilitated by the Federal Government.
The party also called on the Economic and Financial Crimes Commission and the ICPC to monitor disbursements and appropriation of the loan.
The APC said it was giving this warning against the backdrop of his alleged misapplication of the balance of the N4bn bond taken by former Governor Adeniyi Adebayo, which Fayose allegedly diverted in 2004 to other purposes different from the terms of the bond.
Publicity Secretary of the APC in the state, Taiwo Olatubosun, said this in a statement on Thursday.
According to the party, Ekiti people would want the governor to lavish the loans for salary and other debts owed civil servants and former political office holders.
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 bailout initiative, which he dismissed as not a bailout but a statutory allocation.
“It is gratifying that the Federal Government again made available N9.6b to the state to offset salaries, allowances and other emoluments owed civil servants, pensioners and former political appointees, but we have our reservations on the governor’s new move to access another N10bn to be repaid in 10 years.
“Our reservations is premised on the evidence that the governor has no development blueprint he put before Ekiti people during campaigns, fueling fears that the loan may end up like that of 2005 bond cash, which Fayose misappropriated in his N1.3b fraudulent poultry project that was never in his development blueprint,” Olatunbosun explained.
Olatubosun enjoined civil servants in the state to insist that the loans be devoted to the payment of their salaries as approved.
“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,” he added.
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