Ado Ekiti: By Our REPORTER
Published, Monday, June 6, 2022
GOVERNOR KAYODE FAYEMI (pictured above) has concluded all processes to put Ekiti State in unnecessary borrowings as information circulating the media space indicates that he would soon acquire a whooping five billion naira, N5bn loan to prosecute the Ejiti governorship election coming up on June 18 this year.
Sources knowledgeable about the deal and close to the office of the Accountant General of the State revealed that the John Kayode Fayemi led administration has concluded plans to borrow the sum of five billion naira (N5,000,000,000) to execute the June 18 Gubernatorial election in the state.
The plan to plunge Ekiti State into further debt is as a result of the uncertainty surrounding his presidential abition after it was clear that he's not President Muhammadu Buhari's preferred candidate and with all permutations he is not a forerunner in the APC presidential primary election about to commence at Eagle Square, Abuja.
The reliable sources confirmed that individuals at the meeting where it was concluded on the planned borrowing were the state party flagbearer, Biodun Abayomi Oyebanji, Mr Tolu Ibitola the incumbent Chief of Staff, the Accountant General of the State and Chief Bisi Egbeyemi, the Deputy Governor of the state.
While the meeting was secretly held in Ado-Ekiti, the house of the current Deputy Governor, the meeting lasted less than 30 minutes where Dr John Kayode Fayemi was said to have called for the approval.
This Dr John Kayode Fayemi consented without hesitations as he directed that every measures should be taken towards ensuring victory in the upcoming governorship election.
Dr John Kayode Fayemi in his brief phone call with the Deputy Governor stressed the fact that Ekiti is their only chance of sustaining relevance within the political circle and any attempt not to win the Ekiti governorship election will compound their woes.
Information from another close source conversant with the deal revealed that the orchestrated plan of borrowing would be through financial institutions. "The plan is to hide under the disguise of salary payment of civil servants and pensioners in the state."
To this extent, three financial institutions (Zenith Bank, United Bank of Africa and Wema Bank) have been pegged to provide the loan and they would be approached before the middle of the week to seek for a soft loan with a promise to repay the loan in 24months.
In the meeting, it was proposed that two billion (N2,000,000,000) from Zenith Bank while both United Bank for Africa and Wema Bank would cough out one billion five hundred million naira (N1,500,000,000) each.
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