Former Ekiti State Governor Ayodele Fayose has released documents he claims show that Oyo State Governor Seyi Makinde received ₦50 billion from the Federal Government under President Bola Tinubu.
Fayose said the funds were approved as emergency assistance following the deadly explosion in Ibadan in January 2024. Governor Makinde had previously dismissed the allegation and challenged Fayose to present evidence.
Responding to the challenge, Fayose made the documents public and alleged that only ₦4.5 billion of the money was disbursed to victims of the explosion. He claimed the balance was allegedly diverted to support Makinde’s reported presidential ambition.
In a statement personally signed by him, Fayose said he released the documents to allow Nigerians judge for themselves whether the Oyo State Government has been transparent.
He also challenged Makinde to seek legal redress, insisting that records exist showing that other financial interventions sent to Oyo State by the Tinubu administration were not publicly disclosed.
Fayose further claimed he possesses documents detailing Oyo State’s actual Internally Generated Revenue (IGR), which he said differs from figures publicly announced by the governor.
Maintaining confidence in his claims, Fayose said he would not make such allegations without evidence and hinted that more documents could be released if necessary.
“Only ₦4.5 billion was paid to victims of the Ibadan explosion. The rest, alongside other funds, was allegedly diverted to his presidential ambition, which explains the crisis in the PDP and his criticism of President Bola Ahmed Tinubu and his administration,” Fayose said.
He added: “There are also documentary evidences on the real IGR of Oyo State contrary to Governor Makinde’s claims, but we will keep our gunpowder dry for now. I don’t say what I cannot prove.”


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