Diversion of N680m meant for Ekit workers' salaries , Fayose In Trouble

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Governor Ayodele's government has been accused of diverting N680 million from the state’s coffers to a private fixed deposit account, which was yielding N6 million interest every month - Report has it that investigators were going through several documents to uncover the beneficiaries of the monthly interest on the fixed deposit - According to EFCC investigation, the N680 million was allegedly part of the bailouts paid to the state government by the federal government The Ayodele Fayose government in Ekiti state is under investigation for alleged diversion of over N680 million meant for salaries and pension of civil servants.

The money was traced by the Economic and Financial Crimes Commission (EFCC) to a fixed account which the commission claims yields N6 million monthly, The Nation reports. This was why the state’s commissioner of finance Toyin Ojo and the accountant general Yemisi Owolabi were arrested by the commission, though they were released on Wednesday. They both agreed to assist the anti-graft agency with relevant documents before they were granted administrative bail and ordered to report back in two weeks.