The Economic and Financial Crimes Commission (EFCC) has hinted at the possible investigation into the dealings of the Ekiti state government. This coming after Fayose’s candidate, Prof. Kolapo Olushola-Eleka was defeated in the just concluded governorship election.
Kayode Fayemi of the All Progressives Congress (EFCC) has been declared the winner.
The EFCC, in a post on Twitter, said “The party is over; The cloak of immunity torn apart, and the staff broken. #Ekiti Integrated Poultry Project/Biological Concepts Limited N1.3bn fraud case file dusted off the shelves. See you soon.”
EFCC accused Fayose of N680m fraud
In 2017, the EFCC accused Fayose of diverting the bailout fund given to Ekiti state by the Federal Government.
According to the agency, the Governor put N680m in a fixed deposit account that yields N6m annually for him.
The EFCC report reads: “A total of N680m was diverted on January 25, 2016. The funds, comprising N200m from the Ekiti State Local Government salary account, N300m from the Ekiti State Pension Account and N180m from the Ekiti State FAAC Account, were first credited into the Consolidated Revenue Account in Zenith Bank on January 25, 2016, and later transferred on the same day into an account called – 2015 MDG-CGS state project – domiciled in Zenith Bank.
“Analysis of the bank statement revealed that the money was later placed in a fixed deposit, where it was yielding a monthly interest of about N6m at a time pensioners and workers in Ekiti State were owed months of unpaid entitlements.