Governor Ayodele Fayose of Ekiti state has inaugurated an investigative panel to probe the administration of his immediate predecessor and current minister of solid minerals, Kayode Fayemi.

Fayose said he was setting up the investigative committee “in compliance with the resolution of the Ekiti State House of Assembly passed on the 10th of May, 2017.”

The lawmakers, in the resolution, urged the state governor “to look into the financial transactions of Ekiti state under the administration of Dr John Kayode Fayemi.”

The terms of reference of the commission are as follows: “To ascertain how much Ekiti State Government received as statutory allocations during the period under review and how same were disbursed.

“To look into the financial transactions of Ekiti state between 2010 and 2014.

“To ascertain the amount received on behalf of the state from the Universal Basic Education Commission (UBEC).

“To investigate the allegation of fraud/loss of funds, including the diversion and conversion of the State Universal Basic Education Board Fund.

“To ascertain the amount the Ekiti state government took as loans during the period under review and how they were utilised and 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.”

Other members of the panel include: Gbemiga Adaramola – Secretary; Bolawale Awe, Idowu Ayenimo; Omodara O. Vincent; Oladele Blessing; Adesoba Oluremi and S.B.J Bamise.