It is reported that Governor Ayodele Fayose’s government has been accused of diverting over 680 million Naira from the state’s funds to a private fixed deposit account which was yielding #6 million every month.
The #680 million is said to be meant for pension of civil servants and for payment of salaries. Investigation is been made by the EFCC (Economic and Financial Crimes Commission.) And according to the investigation done by the EFCC, the #680 million was supposedly part of the bailouts paid by the Federal government to the Ekiti State government.
Report has it that EFCC traced the money to a fixed account which the commission claims yields #6 million every month.
The State commissioner of finance Toyin Ojo and accountant general of the State Yemisi Owolabi has been arrested as regards this case.
And following their arrest, Governor Fayose condemned the EFCC, describing their organization as a senseless organization in dire need of restructuring. Before Toyin Ojo and Yemisi Owolabi were granted administrative bail, and asked to return in two weeks, they both agreed to assist anti-graft agency with relevant documents.