Bail Out: It’s A Lie, Fayose Blasts FG

Governor Ayodele Fayose of Ekiti state has criticised the bail-out arrangement by the federal government, describing it as a lie and blackmail.

Fayose disclosed this while discussing with some state stakeholders in his office yesterday Wednesday September 2.

At the meeting, the governor maintained that the people of the state remained first in his mind and will continue to be loyal to all the people of Ekiti.

Governor Ayo Fayose

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He disclosed that the bail out issue was as a result of mismanagement or diversion from some state governors, and hinted that no state governor has not collected their allocation.

Fayose faulted the decision of the federal government, saying it is a blackmail and playing to the gallery.

He said: “I went to a meeting just now with the stakeholders, everybody that benefits from the allocation,(Representatives of) University, College of Education, Civil servants…everybody (they are still in the meeting now).

“I read the allocation to them (like I do to Ekiti people on the radio and television), I give them the allocation paper, go and share it, whatever you share, whatever is for the government house and protocol, to maintain this, to put on light in the government house, send it to us. 

“It is my job as governor to say I draw this allocation, most states today, why we have those problems is because the governor comes first, the people come last, but here the people come first, the governor comes last.

“So, they have the paper for the allocation issued on Friday, it’s with them, whatever they conclude, whenever they finish, I will be here waiting for them and whatever they direct is what  I will do.

“Now, they were talking about the issue of bail out, I was the first governor to say this is a lie, there is nothing like bail out. There is no state government or the federal government that has not obtained their allocation at different times, they are either being mismanaged or being diverted or being used inappropriately, and I want to say that, as a second term governor, like other of my colleagues, I came miraculously back to government house so I am answerable to a lot of people and I cannot be governor, let them be the governor let me be the follower.

“So, I now told them in Abuja, you asked us to go to House of Assembly and write and call it bail out and send it to you and the word bailout must be there in everything we are writing, we must call it bailout. We must send it to our House of Assembly and help you call it bail out. That is black mail, that is playing to the gallery, so I told them I cannot write it.

“By and large, they said the salaries we are owing, so that the bank can borrow us the money and now pay 9% interest rate on unpaid salaries that I inherited and for the state alone, it is about eight point something billion.

Eight point something billion plus 9% interest rate, it will be spread out for 20 years and the one we are owing before, almost N60bn will be spread over another 20 years at 14% interest rate.

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“When you join it to it, the state will be consumed. We practically will not have any allocation anymore. So, I called them today, this is the situation, the choice is theirs. If they say governor, go and take it, I will say put it in writing, I have your authority to go and take it.

“So, when our allocation comes and they take it from source and we have whatever we have left, you will not blame me.”

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