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APC warns Fayose not to divert bailout funds
 
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Fri, 11 Sep 2015   ||   Nigeria,
 

The All Progressives Congress in Ekiti State has asked Governor Ayodele Fayose to make judicious use of the bailout loans being facilitated by the Federal Government.The party also called on the Economic and Financial Crimes Commission and Independent Corrupt Practices Commission to monitor disbursements and appropriation of the loan.

The APC said the call became imperative against the backdrop of his alleged misapplication of the balance of the N4bn bond taken by former Governor Adeniyi Adebayo, which Fayose allegedly diverted in 2004 to other purposes different from the terms of the bond.

Publicity Secretaryof the APC in the state, Taiwo Olatubosun, said in a statement on Thursday that Ekiti people would want the governor to spend the loans for salary and other debts owed civil servants and former political office holders. Healso said the disbursements and spending of the loans should  be monitored to ensure compliance with the terms of borrowing to curb diversion.According to him, with the loan facilities, the governor has no reason to owe any category of the state civil and public servants, including former political office holders, as the loans were mainly approved for such purposes.

 

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