THE governorship candidate of the Peoples Democratic Party (PDP) in the July 14 election in Ekiti State, Professor Kolapo Olusola, has explained how the alleged misuse of counterpart funds by the administration of KayodeFayemi in 2014 denied the state access to funds from the Universal Basic Education Commission (UBEC), Abuja for three years.
Olusola, who spoke in an interview with some select journalists in Ado-Ekiti at the weekend, alleged the development robbed the state of funds that would have been used to improve facilities in primary and junior secondary schools in the state.
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Olusola said the money involved was N850 million and the state was denied funds by UBEC from 2015 to 2017.
Olusola, who is the current deputy governor of the state and the one supervising the education sector, claimed that what the Fayemi administration did then amounted to sabotaging the state and her people.
“After UBEC paid their N850 million counterpart funds, the state government also paid N850 million to an account in Access Bank, but later withdrew its N850 million and spent it on something else. What they further did was to only spend UBEC’s N850 million which was a contravention of laid down procedures. The commission had to suspend the state for three years until the Fayose administration had to repay the money and we were reinstated. We have three years funds not accessed now,” he alleged.
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