Ekiti State governor, Mr. Ayodele Fayose has accused the Federal Government of plotting to use funds from the controversial e-payment solution, Remita to raise money for the All Progressives Congress (APC) ahead of the Kogi and Bayelsa States governorship elections, even as he described the Treasury Single Account (TSA) policy as ‘robed in fraud.’
Fayose who said he would not attend a meeting called by the government to discuss the Treasury Single Account (TSA), in a statement by his Special Assistant on Public Communications and New Media, Mr. Lere Olayinka, also stated that the forthcoming local government elections in Ekiti would still hold on December 19, as scheduled even if the APC decides to boycott the exercise.
‘’Ekiti State is entitled to its own policies and it is not under any obligation to accept Federal Government policies, especially the TSA that is already robed in the garment of fraud. I therefore wish to state categorically that Ekiti State is not interested in the TSA policy and since the state is not interested, I, as the custodian of the popular mandate of the entire people of the state will not attend any meeting called by the Federal Government on the TSA.
“TSA is also meant to enrich some individuals for doing virtually nothing and that can be seen from the discovery of N25 billion that already accrued to just a single company in one month. How can the Federal Government justify a transaction in which a single company gets one percent, amounting to N25 billion in one month?
“Shouldn’t the one per cent commission have been negotiated downward to like 0.1 percent which would have reduced the N25 billion to N2.5 billion? Even manufacturing companies, with thousands of employees don’t make N25 billion profit in one month.’’
