How Fayemi’s N35.34bn debt ruined Ekiti – PDP Chair


Ekiti State Chairman of the Peoples Democratic Party, Chief Gboyega Ogubtuase, on Tuesday said debts incurred by former Governor Kayode Fayemi from 2010 to 2014 ruined the state’s finances.


He told journalists in the state capital, Ado Ekiti, that the state had spent N35.35 billion on servicing the loans since October 2014.

He noted that the debt profile had put the state in sure straits, with little keft for carrying out people-oriented projects.

However, Fayemi who is seeking a return to office in the July 14, 2018 governorship election in the state, denied the allegations through the media spkesman of his campaign, Wole Olujobi.

He said: “It is ridiculous that fayise and his aides can still be peddling inaccurate debt figures after the Debt Management Office(DMO) had published the debts taken by Fayose himself alone, in the last three years which has amounted to N56billion, even though he swore and lied many times that he never borrowed a kobo.

”We admit that Fayemi borrowed N25b to be defrayed within three years and records are there at the DMO that Fayemi paid back N14.5billion of the debts, leaving the balance of only N10.5 billion before he left office on October 16, 2014.”




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