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Fayose Releases ‘Evidence’ Of N50bn Intervention Fund Given To Makinde Over Ibadan Explosion Tragedy

Jerry Emmason by Jerry Emmason
6 months ago
in News
Seyi Makinde and Ayo Fayose
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Former governor of Ekiti State, Ayodele Fayose, has released what he described as evidence showing that the Oyo State Government, under Governor Seyi Makinde, received ₦50 billion from the Federal Government as intervention funds for victims of the January 2024 Ibadan explosion.

Fayose’s disclosure came two days after he claimed on a national television that the Makinde-led administration had obtained the funds but failed to adequately disburse them.

However, Governor Makinde responded to the claim at the weekend, saying Fayose lacked credibility while challenging him to provide the evidence of such fund.

But, in a statement issued on Sunday, Fayose said his decision to make the document public followed Governor Makinde’s challenge demanding proof of his earlier claim.

WhatsApp Image 2025 12 28 at 12.33.44 PM

“Yesterday, the Governor responded by asking me to provide evidence that he received such money, and here is the evidence he asked for,” Fayose said.

The former governor alleged that only ₦4.5 billion of the ₦50 billion intervention fund was released to victims, accusing Makinde of diverting the remainder for political purposes.

“Rather, he diverted this fund and many others to his presidential ambition, which is the reason for the crisis in the PDP and his attacks on President Bola Ahmed Tinubu and his government,” he alleged.

Fayose added that although it was “not in his character to go public with official government documents,” he felt compelled to do so in the interest of transparency.

“I had to do this so that Nigerians will know who is saying the truth, and who has not been sincere with the people of Oyo State,” he said.

The former governor further criticised Makinde for publicly commenting on discussions allegedly held with President Tinubu in private meetings, arguing that the Oyo State governor’s statements had made “full disclosure” necessary.

“If as a governor, you have elected to go on national television to disclose part of what transpired in private meetings you had with the President, it becomes the duty of well-meaning Nigerians to give full disclosure,” Fayose added.

He went on to challenge Governor Makinde to take legal action if he believed the allegations were false.

“Lastly, I challenge Governor Seyi Makinde to sue me on this. Let me also tell him that there are proofs of other intervention funds received from Tinubu’s administration by the Oyo State Government, which the governor refused to disclose to the people,” he said.

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Fayose also claimed that there were “documentary evidences” on the actual Internally Generated Revenue (IGR) of Oyo State, which he said contradicted the figures publicly presented by the governor.

“We will keep our gunpowder dry for now,” he added.

Concluding his statement, Fayose reaffirmed confidence in his claims, saying, “My name is still Ayo Fayose, I don’t say what I can’t prove.”

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