The Ekiti State Universal Basic Education Board (SUBEB) has described as
false claim by former governor of the state and Minister of Solid Minerals
Development,
Dr. Kayode Fayemi, that he had been cleared of any complicity in
the alleged misappropriation of its N852.9 million fund.
Chairman of Ekiti State SUBEB, Senator Bode Ola, who spoke yesterday with
journalists in Ado-Ekiti, said the report of the judicial panel of inquiry set
up by the government to investigate the financial activities of his government,
which is now being celebrated by the former governor to confuse the public, was
just for fact-finding and not to indict or exonerate anyone.
He, therefore, urged Fayemi and his men to seize the opportunity of the
inquiry to clear their names of any allegation levelled against them instead of
seeking to deceive the public with false reports.
He said that going by the content of the panel report being referred to,
it is clear without any ambiguity that financial crime was committed. He said:
“It was established that the Ekiti State Government under Dr. Kayode Fayemi
obtained loan from the bank and moved the fund out of SUBEB account one year
after.
“The loan was got from the bank without agreement as to interest rate,
terms of payment and no Irrevocable Standing Payment Order (ISPO).“How could
the said bank used to cause the suspension of the state from benefitting from
UBEC funds have granted loan without first agreeing on interest rate and terms
of payment?
“The money was paid into SUBEB account in November 2013, while it was
moved out of the account in October 2014 – close to one year after the money
was paid and used to access UBEC matching grant and contracts awarded.”
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