Fayemi, Ex Commissioner In Court Over Alleged N4.9b Fraud
Former Ekiti State Governor, Dr. Kayode Fayemi, has been sued by the state government for allegedly misappropriating N4.9 billion while in office.
Also joined in the suit is his finance commissioner, Mr. Dapo Kolawole.
Both are facing 19-count charge filed before the State High Court, Ado Ekiti at the weekend, over alleged theft, abuse of office and criminal contempt, among others.
In a statement by the Special Assistant on Public Communications and New Media to Governor Ayodele Fayose, Fayemi and Kolawole were accused of misappropriating N4.9 billion being the proceeds of Ekiti State Bond for the sum of N20 billion earmarked for various projects that were either not executed or partly done.
Recall that a white paper was released by the state’s Judicial Commission of Inquiry on January 15, 2018, which indicted Fayemi over alleged misappropriation of funds.
Count 12 of the charge read that Fayemi and Kolawole between 2011 and 2014 conspired to steal N2,750,000,000.00 (N2.75 billion) earmarked and released for the construction of ultra-modern market in Ekiti State, which they never built and thereby committed an offence.
Also on the N25 billion bond, Fayemi and Kolawole were accused of stealing N716,688,790.92 out of the N750 million earmarked and released for the construction of Ekiti State School of Agriculture out of which only N33.311,209.08 was allegedly spent.
The duo were also accused of stealing N198,860,023.00 being outstanding of the N500 million earmarked and released for the construction of Ekiti State Liaison Office in Lagos, out of which only N301,139,977 was expended for the said project.
Also, out of the N767, 970,167.47 earmarked in the bond prospectus and released for renovation of the governor’s office, only N87, 622,912.25 was allegedly spent, leaving an outstanding of N681, 347,255.22.
For the renovation of Ado Ekiti Water Works, N335.5 million was earmarked and released but only N155, 523,558 was spent, leaving N197, 979,441.77 as outstanding. The Ero water project, for which N468.6 million was earmarked, was allegedly not executed.