Fayemi campaign raises alarm over Ekiti debt figures

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The Kayode Fayemi Campaign Organisation has raised the alarm over the latest figures released by the Debts Management Office putting Ekiti State’s debts at N117b up from N56b figure it released few months ago.
In its latest table detailing the debts owed by the 36 states of the federation, DMO put Ekiti State debts between October 2014 and 2018 at N117b.
The Director of Media and Publicity of the Kayode Fayemi Campaign Organisation, Wole Olujobi, in a statement on Tuesday accused Governor Ayo Fayose of profligacy, saying the governor is deliberately piling up debts to help himself while the state remains under the bondage of suffocating debts.
He regretted that despite huge debts owed by Fayose, there is nothing to show for them except an over-priced 800-metre single-lane flyover that cost Ekiti people N17.5b in official records, though quoted at N6b to Ekiti people to escape public anger.
The campaign spokesman said it is callous and unpatriotic to put Ekiti people in difficult condition while the governor enjoyed the best of life.
He said the latest debt figure was wearisome after recent reports indicated that Fayose had allegedly borrowed N9b at an outrageous interest rate from a South South governor to allegedly finance the election of the Deputy Governor, Olusola Eleka, with the condition to repay the debts within six months if Eleka wins the July 14 election.

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