Why FG Held Ekiti January Allocation - Finance Ministry

The fact has emerged on why the Ekiti State's  Budget Support Facility (BSF) for the month of January was suspended.

 The Federal Government on Thursday said 

The allocation, according to Finance Ministry was suspended because the state failed to comply with the basic requirements for participating in the facility.

A statement by the Ministry of Finance signed by the Director of Information, Salisu Dambata, said the BSF is a conditional loan programme to state governments introduced to enhance fiscal prudence, transparency, efficiency in public expenditure and payment of salaries.

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The Governor of Ekiti State, Ayodele Fayose, had on Tuesday accused the Federal Ministry of Finance of withholding the state’s statutory allocation for January for political reasons.

“In the last three, four weeks, after the Federal Allocation Committee meeting, it is sad that Ekiti Federal Allocation for January has not been released,” Mr. Fayose told journalists in Ado-Ekiti, the Ekiti State capital.

He said efforts by himself and other government officials to get explanations from the federal ministry of finance yielded no results.

He alleged that the ministry of finance was victimising the people of Ekiti State for his criticism of the policies of the federal government.

The ministry said the Ekiti government failed to comply with the required conditions for the payment, and was not the first state to be denied the funds on such grounds.

It denied the claim that the ministry of finance withheld any statutory allocation due to Ekiti State, or any other state in the country.

“This is not the first time of non-compliance by the Ekiti State Government,” the statement read.

“His administration defaulted in meeting the conditions specified and agreed upon by the 35 state governments that are participating in the programme as contained in the Fiscal Sustainability Plan (FSP) and the Ekiti State Government was warned formally of its failure to comply with the full requirements vide a letter on August 5, 2016, with reference number HMF/FMF/ASG/1/2016.

“The failure of Ekiti State Government to comply with the requirements and conditions for the Budget Support Facility (BSF) resulted in a letter sent to the chief of staff to notify him of the suspension of BSF for Ekiti State and it was conveyed to Mr. President before payment to the Ekiti State Government was reinstated.

“The Ekiti State Government and all the other participating states are aware of the consequence of failure to comply with the full conditions and it is not the first time that a state would be stopped from accessing the facility due to non-compliance.

“In the course of its normal duties, the ministry of finance has the right to query, suspend or withhold funds as part of the conditions of the Budget Support Facility.”

The Ekiti government described the explanation as an afterthought meant to mislead the public.

The Special Assistant to the Governor on Public Communications and New Media, Lere Olayinka, said the state signed up for N14.4 billion and had received funds monthly in the last seven months from the ministry of finance.

“So when did they realise that Ekiti State did not meet the conditions? Mr. Olayinka asked. “Or did they send the allocations in the last seven months in error?”

He also argued that there was no warning letter or notification from the ministry of finance before the governor raised the alarm, else there would have been no need for the governor to write a letter to the ministry demanding explanations on the non-release of the funds.

“If they sent any letter, maybe they sent it today, because the governor was there yesterday and before then no one knew the reasons why the funds were not released,” Mr. Olayinka said.

“As I am talking to you, we have not received any letter from the ministry, if they sent any letter, maybe they sent it today. This explanation is an afterthought.”

Mr. Olayinka also said he was aware that the funds was earlier sent to the Central Bank of Nigeria along those of other states, but was later recalled and the name of Ekiti State removed from the list of 35 states.

Fayose's 7 Multi-billion Naira Houses EXPOSED; How EFCC Used The Gov's Woman Ally To Trap Aide, Agbele

More facts have begun to surface on how the Ekiti State Governor, Dr. Ayodele Fayose acquired properties from the slush fund allegedly got from the former National Security Adviser to ex-President Goodluck Jonathan, Colonel Sambo Dasuki.

The Eagle Online reports suggests that no fewer than seven houses have allegedly been purchased by Governor Ayo Fayose since he returned to power in 2014, sources close to the investigation of the Ekiti State helmsman have revealed.

And some of them, including one worth N1.2 billion in Lagos State, were said to have had their transactions handled for Fayose by his close ally, Abiodun Agbele, who is popularly called Abbey.

Agbele was arrested on June 27 by the Economic and Financial Crimes Commission.

It was learnt that Agbele’s arrest was facilitated by a socialite Lagos-based lady, who is close to Fayose and simply identified as Oyin, when he went to pick up the papers for the N1.2 billion house located on Victoria Island.

The documents were meant to be altered so they do not read Fayose’s name again.

However, when Agbele got to the office of Oyin, whose business name is said to be “Safe Haven”, the lady kept him waiting until operatives of the EFCC, whom she had informed of his presence by telephone, arrived.

It was gathered that the EFCC had also closed in on Oyin over some of the Fayose deals and the only saving grace for her was to deliver Agbele to the anti-graft agency.

Oyin allegedly facilitated the purchase of the Victoria Island property, TheEagleOnline reports