The Ekiti State Governor, Mr. Ayodele Fayose, has set up a judicial panel to probe the former Governor of the state and his predecessor, Mr. Kayode Fayemi, the current Minister of Solid Minerals and Development under the administration of President Buhari over an alleged allegation of financial mismanagement and misappropriation under the past administration as the governor of Ekiti State.
The judicial panel was inaugurated on Monday, in Ado Ekiti.
The judicial panel is chaired by a retired State High Court Judge, Rtd. Hon. Justice Silas Bamidele Oyewole; Gbemiga Adaramola (State DPP/ Chairman, Nigeria Bar Association (NBA) Ado-Ekiti Chapter); Bolawale Awe Idowu, Ayenimo Omodara O. Vincent Oladele Blessing Adesoba Oluremi S.B.J Bamise
The Panelists has 3months ultimatum to submit its finds and reports to the present Ekiti State Government and Governor Ayodele Fayose.
The judicial panel is saddled with the responsibility to unravel the money Ekiti State Government received as statutory allocations, loan during the period of the Ex-Governor of the state, Mr. Kayode Fayemi.
It was stated as follows “In compliance with the resolution of the Ekiti state house of assembly passed on the10th of May, 2017, urging His Excellency, the Governor of Ekiti state to look into the financial transactions of Ekiti state under the administration of Dr John Kayode Fayemi, His Excellency, Dr Peter Ayodele Fayose, acting pursuant to section 2 of the Ekiti state commission of inquiry law Cap. C10 Laws of Ekiti State 2012, has constituted a judicial commission of inquiry to look into the financial transactions of Ekiti state between 2010 and 2014”
“The terms of reference of the commission are as follows:
“To ascertain how much Ekiti State Government received as statutory allocations during the period under review and how same were disbursed.
“To look into the financial transactions of Ekiti state between 2010 and 2014.
“To ascertain the amount received on behalf of the state from the Universal Basic Education Commission (UBEC).
“To investigate the allegation of fraud/loss of funds, including the diversion and conversion of the State Universal Basic Education Board Fund.
“To ascertain the amount the Ekiti state government took as loans during the period under review and how they were utilised and all other issues relating to the finances of the Ekiti state government within the period under review and;
“To make appropriate recommendations to the Ekiti state government.