Are you a Nigerian University Administrator?   Then, you must read this:

Witness says Fayemi borrowed N49.5bn, got N163.3bn as allocation in four years

By Maxwell Adeyemi, Ado-Ekiti

 

The Judicial Commission of Inquiry set up by the Ekiti State government to look into the state’s finances between October 2010 and September 2014 has commenced sittings.

 

At the proceedings of the panel on Monday in Ado-Ekiti, the first witness disclosed that a total sum of N163, 267,220,048.07 was received from the federation account while the sum of N49, 483, 156,394.80 was borrowed by the past government led by Dr. Kayode Fayemi.

 

The first witness, Mr. Kehinde Odunayo, who is from the state’s Accountant General’s office tendered month by month statutory allocation received by the government during the tenure of Fayemi to back up his claims.

 

Odunayo, who was led in evidence by counsel to the Commission, Mr. Sunday Bamise listed the banks from which the 20 different loans were obtained.

 

Another witness, Mr. Victor Arogundade, who is the Director of State and Finances, of the Ministry of Finance gave details of loans in the state between 2010-2014 which was tally with the one tendered by the witness from the office of Accountant General.

 

At the sitting were the three counsel to Fayemi, led by Mr I.K Olanrewaju .

 

The judicial commission of inquiry has adjourned till Wednesday, August 30, 2017 to continue with its proceedings.

Facebook Comments

Check Also

BREAKING!!! EFCC Files 11 CHARGES Against FAYOSE [ See FULL LIST Of SHOCKING Charges]

The Economic and Financial Crimes Commission, EFCC has filed 11 charges against the former governor ...

Certificate forgery: Why we prosecute Adeleke, spare Adeosun – Police

Earlier this week, we reported that the Nigerian police, will on October 31 arraign the Peoples ...

%d bloggers like this: