Ekiti State chapter of the Peoples Democratic Party (PDP) has described the huge debts left behind by the former governor, Dr Kayode Fayemi, as the trait of All Progressives Congress-led governments.
The party, in a statement signed by its state publicity secretary, Pastor Kola Oluwawole in Ado-Ekiti yesterday, noted that the same scenario was experienced when Otunba Niyi Adebayo left office in 2003.
“There are facts for all to see and the people of the state saw what Otunba Niyi Adebayo did and what his APC fellow, Kayode Fayemi also did.
“Adebayo took about N5 billion loan from the capital market and left workers in the state with backlog of salary arrears running to 16 months in some cases.
“They told Ekiti people that they only took N25 billion from the capital market to execute projects that have no economic value or multiplier effects on the economy, yet they failed to disclose the numerous loans they took from various banks under the table deals.
“We thank God for the life of our governor, Ayo Fayose, who God used to uproot the evil of APC governments in 2003 and 2014”.
The spokesman added that, “It was Fayose who cleaned the mess the other time and he will, by God’s grace, do same this time around.”
But the camp of ex-governor Kayode Fayemi has said that its commitment to the welfare of the citizens made it approach the Capital Market in 2011, where it raised a N25 billion bond spent on infrastructure projects.
A press release circulated explained that about N14 billion has been repaid through the laid down repayment process
The outstanding balance of the bond money, it stated, forms part of the N28 billion debt profile, according to the state’s audited accounts published in some national newspapers last week.
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