Ekiti State Chapter of the All Progressives Congress (APC), on Thursday charged the state governor, Ayodele Fayose to make good use of the bailout funds made available to the state by the Federal Government (FG).

Besides, the party also put a call to the Economic and Financial Crimes Commission (EFCC), and the Independent Corrupt Practices Commission (ICPC) to monitor disbursements and appropriation of the loan.

The opposition party in the state argued that the call became imperative consequent upon the governor’s alleged misapplication of the balance of the N4bn bond taken by former Governor Adeniyi Adebayo, which the incumbent governor allegedly diverted in 2004 to other purposes different from the terms of the bond.

In a statement signed by the state’s publicity secretary of the party, Taiwo Olatubosun, the people of Ekiti State would demand that the funds be spent on salary and other debts owed civil servants and former political office holders.

According to the party’s scribe, “Our concern is premised on the alarms Governor Fayose has been raising on the status of the state’s debts, particularly his condemnation of the Federal Government’s bailout initiative, which he dismissed as not a bailout but a statutory allocation.

“It is gratifying that the Federal Government again made available N9.6b to the state to offset salaries, allowances and other emoluments owed civil servants, pensioners and former political appointees, but we have our reservations on the governor’s new move to access another N10bn to be repaid in 10 years.

“Our reservations is premised on the evidence that the governor has no development blueprint he put before Ekiti people during campaigns, fueling fears that the loan may end up like that of 2005 bond cash, which Fayose misappropriated in his N1.3b fraudulent poultry project that was never in his development blueprint.”
“Former political office holders should impress it on the governor to pay their severance allowances and other entitlements as approved in the mandate of the loan scheme,” he added.

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