Chairman of the Ekiti State
Universal Basic Education Board (SUBEB),Senator Bode Ola has described as
false, media reports that former Governor of the State and Minister of Solid
Minerals Development, Dr Kayode Fayemi was cleared of alleged complicity in the
misappropriation of N852.9 million fund belonging to SUBEB.
Senator Bode Ola told journalists
in Ado Ekiti on Thursday, that “From the content of the committee report being
referred to, it is clear without any ambiguity that financial crime was
committed. It was established that the Ekiti State Government under Dr Kayode
Fayemi fraudulently obtained loan from the Bank and moved the fund out of the SUBEB account one year after.
“The loan was gotten from the
bank without agreement as to interest rate, terms of payment and no Irrevocable
Standing Payment Order(ISPO).
“How could the said bank that
Fayemi collaborated with to defraud Ekiti and caused the suspension of the
State from benefitting from UBEC funds, have granted loan without first
agreeing on interest rate and terms of payment?
“The money was paid into SUBEB
Account in November 2013, while it was moved out of the account in October 2014
– close to one year after the money was paid and used to access UBEC matching
grant and contracts awarded.”
Senator Ola disclosed that “the
committee, report of which is now being celebrated just to confuse the public
because of the Judicial Panel of Inquiry set up by the government to
investigate the financial activities of Fayemi’s government, was just for fact
finding and not to indict or exonerate anyone.”
He said the committee was set up
so as to enable SUBEB to respond to UBEC and also remove the embargo placed on
Ekiti SUBEB by the UBEC.
The SUBEB Chairman disclosed that
“On April 16, 2015, UBEC wrote a letter to the Ekiti SUBEB in which it said
clearly that the action of the government constituted serious financial crime
and also violated Section 11(2) of the UBE Act 2004 and also went further to threatened
to report to the EFCC if the N852.9 million counterpart fund was not returned.”
He said “While we do not speak
for the State Government, we make bold to say that assuming but not conceding
that the said report actually exonerated Dr Fayemi, he should rather use it as
part of his defense at the Judicial Panel of Inquiry rather than running to the
media to deceive the public.
“Also, if the committee actually
exonerated Dr Fayemi, what then was the need for him to seek court injunction
to stop the Judicial Panel of Inquiry?
“Most importantly, the Judicial
Panel of Inquiry was not set up to witch-hunt anyone and its terms of reference
go beyond the SUBEB
issue.
issue.
“Finally, we wish to urge Dr
Fayemi and his men to seize the opportunity of the Judicial Panel of Inquiry to
clear their names of any allegation leveled against them instead of seeking to
deceive thepublic with false media reports.”
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