The judicial commission of inquiry set up by the Ekiti State government to investigate allegations of fraud against the former governor, now Minister for Steel and Minerals Resources Development, Kayode Fayemi and others will begin proceedings next week Monday at the State High Court premises, Ado Ekiti.
Apart from Fayemi, others summoned are: former Commissioner for Finance, Mr. Dapo Kolawole; Executive Secretary of the Universal Basic Education Commission (UBEC); Ado Ekiti Branch Manager of Access Bank; Managing Director of Coscharis Motors Limited; Tianjin-Yuyang Construction Eng. Ltd; CASA Nig Ltd and Exchange Commission and Managing Director of SCOA Nigeria Limited.
The commission was set up following a resolution passed by the Ekiti State House Assembly few weeks ago, which directed the governor, Ayodele Fayose, to pursue the investigations given that Fayemi failed to appear before the house when summoned to come and testify.The assembly had accused Fayemi of diverting funds belonging to the state Universal Basic Education Board while serving as governor of the state.
It has as terms of reference, to ascertain how much Ekiti State government received as statutory allocations during the period under review and how same were disbursed.
The commission is also to “look into the financial transactions of the state between 2010 and 2014; ascertain the amount received on behalf of the state from the Universal Basic Education Commission (UBEC); investigate the allegations of fraud/loss of funds, including the diversion and conversion of the UBEC funds; ascertain the amount that the state took as loans during the period under review and how they were utilized.”
It was also mandated to consider 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.