By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The CapitalThe CapitalThe Capital
Notification Show More
Font ResizerAa
  • Home
  • News
    • Featured
      • Featured Profile
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Reading: Fayose asks Assembly to okay N9.9b ‘revised budget’ one month to handover
Share
Font ResizerAa
The CapitalThe Capital
  • Home
  • News
  • Business
  • Politics
  • International
  • Entertainment
  • Lifestyle
  • Opinion
  • Sports
Search
  • Home
  • News
    • Featured
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Have an existing account? Sign In
Follow US
Business

Fayose asks Assembly to okay N9.9b ‘revised budget’ one month to handover

September 12, 2018 6:26 am
The Capital
Share
SHARE

There is tension in Ekiti State House of Assembly following an order by Governor Ayo Fayose for the lawmakers to approve a supplementary Appropriation Bill of about N10 billion a month to his handover.

The bill, which an Assembly source described as “curious”, was backdated to August 30.

A copy of the bill with the governor’s signature was made available to The Nation in Ado-Ekiti, the state capital, titled: “2018 Revised Budget.”

The supplementary budget came at a time the controversy over the purchase of a 2018 Lexus Sport Utility Vehicle (SUV) as a “parting gift” for the governor has not died down.

In a letter conveying the bill, Fayose urges the lawmakers to approve N9,926,527,772.86 to be spent before he steps down from power on October 16.

What the N9.92 billion would be expended on was sketchy at the time of filing this report.

The outgoing governor, who has just 32 days in office, is expected to make way for the governor-elect, Dr. Kayode Fayemi, who won the July 14 governorship election.

Fayemi, the All Progressives Congress (APC) flag bearer, defeated Fayose’s anointed candidate, Prof. Kolapo Olusola, the Peoples Democratic Party (PDP) candidate.

Transition Committee set up by Fayemi said documents from the Debt Management Office (DMO) showed that Ekiti debt profile had risen from N18 billion when Fayemi left office in 2014 to N117 billion as at March.

The Nation learnt that the supplementary Appropriation Bill was received at the office of the Clerk of the House of Assembly, Mr. Tola Esan, on September 10 at 3.40 p.m.

See also  THE OSIBAJO CONNECTION... FROM KAYODE PITAN, ALEX OKOH TO OKEY ENELAMAH... HOW REDEEMED PASTORS ARE GETTING PLUM JOBS IN GOVERNMENT

The governor directed the lawmakers, who have been on recess since July 16, to work on the request and pass the bill “as early as possible”.

It was gathered that Speaker Kola Oluwole had reached out to some members of the Appropriation Committee as work began on the bill without recourse to the parliamentary procedure.

An Assembly official, who craved anonymity, said: “The lawmakers are to work on the bill and pass it quietly within the shortest possible time.

“The usual parliamentary procedure of First and Second readings have been side-stepped as the committee members are to sit to approve the bill ahead of the deadline given by the governor.”

According to a document attached to the 89-page budget prepared by the Ministry of Budget, the approved estimates for 2018 stood at N98,611,545,040.66, while the revised estimates sent to the Assembly stood at N108,538,072,813.52.

It was also gathered that the governor’s request is the first of its kind this year, as no supplementary Appropriation Bill had been forwarded to the Assembly since the passage of this year’s budget.

You Might Also Like

Stop Attacks Against BEDC, 46 CSOs Warn
JUST IN: Fuel Price Jumps Twice in 24 Hours, New Pump Price Emerges
Black Market Dollar To Naira Exchange Rate Today 3rd December 2023
Economy is on the way to recovery, says Adeosun
NSE market capitalisation drops by N116bn
Share This Article
Facebook Email Print

The Otedola Effect: How a Boardroom Maverick Is Reshaping First Bank’s Future

● From Billionaire Mogul to Banking Reformer: He Is Rewriting First Bank’s…

BREAKING: EFCC Arrests Buhari’s Former Minister From His Hiding Place

The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister…

FULL LIST: 47 Disqualified Senatorial Aspirants

The All Progressives Congress (APC) on Monday released the list of senatorial…

JUST IN: NDC Finally Names Presidential Aspirant for 2027 Election

Peter Obi, the former presidential candidate of the Labour Party, has been…

Tension in Kano as Gov Yusuf Sends Warning to Kwankwaso

Governor Abba Kabir Yusuf of Kano State has issued a stern warning…

Follow US

Find US on Social Medias
FacebookLike
XFollow
TelegramFollow
WhatsAppFollow

You Might Also Like

Heaven Can Wait…Redeemed Pastor, Vice President Osinbajo’s Buddy and Buhari’s Minister, Okechukwu Enelamah, Accused of Budget Padding

April 2, 2019

O To Ge! Kwara Governor Falls Below Expectations As Lai Mohammed , APC Go For His Jugular

July 5, 2021

Abuja High Court Grants “Stay of Action” Regarding Racially and Religiously Prejudiced Persecution Against Benedict Peters

June 27, 2018

United Capital reports N1.42bn profit

April 26, 2016

Categories

  • News
  • Homepage
  • Business
  • Politics
  • Top News
  • Highlife
  • Entertainment
  • Sports
  • Lifestyle
  • Inside Boardroom

About The Capital

We deliver premium coverage of business, politics, lifestyle, entertainment, and society stories shaping Nigeria and beyond. Through credible reporting, insightful features, and engaging digital storytelling, we keep readers informed on the people, trends, events, and conversations driving modern culture and public discourse.
Quick Links
  • About
  • Advertise
  • Contact

Connect with us on Social Media

Facebook X-twitter Whatsapp Envelope

Send us email: [email protected]

© thecapital.ng. All Rights Reserved. Designed by Semasir Connect.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?