Fidelity bank banner Bayelsa State banner
Account for N16.7 bn IGR, PDP tells Fayemi

By News Express on 25/06/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 303

•Kayode Fayemi
•Kayode Fayemi

The Ekiti State chapter of the Peoples Democratic Party (PDP) has asked former Governor Kayode Fayemi to account for N16.7 billion his administration under declared as Internally-Generated Revenue (IGR) from 2010 to 2014.

The party said this has become necessary since Fayemi said his administration was raking in an average of N600 million monthly as IGR and which totals N7.2 billion yearly, while the figures his administration gave to the National Bureau of Statistics, the Federal Ministry of Finance, the Office of the Accountant General of the Federation among others did not tally with Fayemi’s claim.

The party spoke in Ado-Ekiti yesterday through the State Chairman, Barrister Gboyega Oguntuase.

“Records in the above offices show that in 2011, the IGR of the state was N2.5 billion which translated to about N207 million monthly. Leaving a balance of N4.7 billion going by Fayemi’s claim. In 2012, it was N3.8 billion which meant it was an average of N306 million monthly and that was the highest figure his administration recorded. It also left a balance of N3.4 billion.

” In 2013, it was N2.3 billion an average of N198 million monthly and it left a balance of N4.9 billion. In 2014, it was N3.5 billion an average of N299 million monthly. It left a balance of N3.7 billion. The total balance yet unaccounted for going by Fayemi’s claim is N16.7 billion in four years. The figures for 2012 and 2014 were high because that was when he got the first and second tranche of the N25 billion he borrowed from the Capital Market.

“Since Fayemi is claiming that he raised the IGR to N600 million monthly which should be about N7.2 billion in a year, it means his administration under-declared its IGR and he should tell Ekiti people were the remaining funds are. For instance, in 2012, when he recorded the highest figure of N3.8 billion, it meant the sum of N3.4 billion did not reflect.

” Logically, it means that Fayemi under-declared the revenue coming to the state. He has many questions to answer from the good people of the state who want to know how their commonwealth is spent. Apart from squandering the bogus allocations, excess crude oil money, grants, other numerous releases, loans obtained from the Capital Market and commercial banks, Fayemi also misappropriated the IGR,” he said.

Oguntuase explained that since the administration of Governor Ayodele Fayose came on board, the IGR so far generated could also be ascertained.

“For the purpose of transparency that the PDP-led government is known for, these are the details. In 2015, we generated N3.3 billion which amounted to an average of N283 monthly. In 2016, it was N2.9 billion an average of N241 million monthly. The year was when the challenge about salary payment was high and our main source of IGR is Pay As You Earn (PAYE) which is deducted from workers salaries.

” In 2017, it increased to N3.8 billion an average of N306 million monthly. We have nothing to hide, it is Fayemi that has to tell the people of the state what he did with their money,” he added. (Daily Sun)


Source News Express

Posted 25/06/2018 05:10:52 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Corruption: Ex-Gov. Sule Lamido, 2 sons remanded in...

Imo NUT chairman appeals for increased subventions to...

Reps raise the alarm over escalating price of...

Health experts want informal sector workers enrolled in...

NIPR introduces membership programme for non-professionals

CCC Nigeria wins global PR award in Bulgaria...

Our choice of Wike is divine: Rivers PDP...

Tin-Can Customs generates N25bn in October

Military working to meet deadline against insurgents —Chief...

New Buhari support group emerges in NASS, counters...

FG to introduce new reward system for civil...

Ondo Election Rally: My grouse with Ngige, By...


Latest News Ekiti Debacle: Policedeconstructs President Buhari Police parades Boko Haram Commander involved in abduction of Chibok Girls, other suspects Hoodlums burn, destroy Dino Melaye’s constituency projects We are not owing staff salaries, severance packages or gratuity — Fidelity Bank •Condemns harassment I won’t disappoint Ekiti people — Fayemi •Receives certificate of return Katsina flood: Corpse of missing bride recovered in Niger Republic Workers to know new minimum wage in August, says TUC Military arrests 7 more suspects over Plateau killings No plan to attack Cross River community, says Miyetti Allah FG presents ‘Nigeria Air’ to investors, partners Abeokuta Flood: Amosun deploys cabinet members to join in clearing exercise NBC to impose higher sanction on Ekiti Broadcasting Service


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (362,300 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (358,546 views) Shameless Genevieve Nnaji exposes breasts in public (286,933 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,415 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (214,704 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,633 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (186,648 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,562 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,346 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (152,808 views) Lagos plane crash: Journalist releases victims’ names (147,686 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (138,903 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,350) Business Verdict (45) Columnists (887) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (614) Global Business Monitor (285) International (2,139) Interview (157) Live Commentary (28) Love Matters (127) News (37,238) Opinion (1,024) Pidgin (10) Politics (5,602) Religion (783) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




FRANCE vs CROATIA 4-2 Highlights & Goals 2018


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera