Ola told journalists in Ado Ekiti on Thursday that from the content of the committee report being referred to, it was clear that financial crime was committed.
He said, “The loan was taken from the bank without agreement as to interest rate, terms of payment and no Irrevocable Standing Payment Order.
“The money was paid into SUBEB Account in November 2013, while it was moved out of the account in October 2014, close to one year after the money was paid and used to access UBEC matching grant and contracts awarded.
“The committee, report of which is now being celebrated just to confuse the public because of the Judicial Panel of Inquiry set up by the government to investigate the financial activities of Fayemi’s government, was just for fact finding and not to indict or exonerate anyone.”
The SUBEB chairman added, “On April 16, 2015, UBEC wrote a letter to the Ekiti SUBEB in which it said clearly that the action of the government constituted serious financial crime and also violated Section 11(2) of the UBE Act 2004 and also went further to threaten to report to the EFCC if the N852.9m counterpart fund was not returned.
“While we do not speak for the state government, we make bold to say that assuming but not conceding that the said report actually exonerated Dr. Fayemi, he should rather use it as part of his defence at the Judicial Panel of Inquiry rather than running to the media to deceive the public.
“We wish to urge Dr. Fayemi and his men to seize the opportunity of the Judicial Panel of Inquiry to clear their names of any allegation levelled against them instead of seeking to deceive the public with false media reports.”
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