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Facts are at last coming out of how
Governor Ayodele Fayose stole Ekiti
State money and kept it in the accounts
of trusted cronies after putting them
Informed sources told The Monitors
that Fayose stole from many sources in
a heartless raid on Ekiti State resources
to amass wealth for private comfort
while deliberately refusing to pay
workers’ salaries for five months,
even though he received allocations for
the same period, including collecting
N9.6b bailout, Ecological Fund, CBN loan
on SMEs, refunds on federal roads,
charges on banks for community social
responsibility and various suffocating
taxes that Fayose kept in accounts that
are unknown to government’s
Impeccable sources said a multiple
tracking of Fayose’s assets was
conducted by security and anti-
corruption agencies that came with a
damning revelation of a massive
looting of Ekiti State.
Fayose himself got a hint of the
security agencies’ findings, which
propelled him to address a press
conference in Abuja yesterday where he
sought to blackmail the security
agencies for doing their job.
Just as Nigerians were waiting to see
what would happen to him as alleged
in his press conference, Fayose got the
shock of his life this afternoon that his
account with Zenith Banki had been
frozen by the EFCC.
He ran berserk after learning that the
EFCC had frozen his account.
One hour after EFCC froze his Account,
Fayose stormed Zenith Bank, refusing
to leave the bank until he was paid.
The Monitors gathered that Fayose first
sent one of his aides to the bank to
withdraw some amount of money but
the cheque was not honoured.
Sensing danger, Fayose hurried to the
bank with his full entourage only to be
told that he could not withdraw a dime
from his account as it had been frozen.
Fayose went into a frenzy, threatening
fire and brimstone but the bank
officials were helpless and told him
they couldn’t do anything to help as
the order to freeze was beyond them.
Fayose immediately addressed the
press at the bank premises calling
President Muhammad Buhari
unprintable names and shouting that
the EFCC acted illegally by freezing his
account as a sitting governor who
The Monitors can confirm that Fayose
was at the premises of Zenith Bank,
Ado Ekiti, vowing never to leave the
bank until he collects his money.
While Fayose fumes over failure to
withdraw his money in just one hour in
a reckless display of selfishness and
wickedness while workers are unpaid
for six months, The Monitors gathered
that about N4billion was found in
Fayose’s personal account while that
of his son, Rogba Fayose, contains
about N200 million; all frozen.
It was gathered that Fayose kept his
loot in the accounts of cronies after
putting them on oath.
For instance, Fayose kept N500m in the
account of one Jumoke, a waiter at his
Spotless Hotel, Ado-Ekiti.
He kept N2billion in the account of his
friend called Abbeys while his former
Commissioner for Finance, Kayode Oso
went away with Fayose’s N500m
when both deceived Ekiti people that
the commissioner resigned over health
Oso is now back, feigning ill-health and
walking on crutches to deceive Ekiti
people that he was actually sick.
Besides cash traced to Fayose, his
multi-billion naira hotel in Dubai has
been discovered by the EFCC.
Sources told The Monitors that one of
his backers who facilitated his election
but who he later defrauded was
instrumental to the Dubai hotel
discovery and reported to EFCC. While
Fayose cleverly kept his loot in
cronies’ accounts, he kept just N1b in
his own account while he kept N200
million in his son’s (Rogba) account.
The Monitors will keep you posted as
more information is available.
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