EFCC Probes Fayose Over Alleged N680m Meant for Worker’s Salaries

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.

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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.

An undisclosed source in the commission said during the cause of the investigation, many other things were unveiled. One of which is the #1.7 billion contract awarded to Lebanese Company which moved part of the money to allegedly purchase properties for the Governor.
Statement of the undisclosed source:
“Investigators stumbled on evidence of diversion of funds meant for payment of state and local government employees in Ekiti state including pensioners. Specially, over #600 million was diverted on 25th January 2016. The funds comprising #200 million from the Ekiti state local government salary account. #300 million from the Ekiti state pension account and #180 million from the Ekiti state FAAC account were first credited into the Consolidated Revenue Account in Zenith Bank on 25 January 2016. Later transferred the same day into an account called 2015 MDG-CGS state project account domiciled in Zenith Bank.”
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