Despite the fact that both Lagos State governor,
Akinwunmi Ambode and Ex-Governor Babatunde Raji Fashola have been hiding the
fact that there is no love lost between the two, those who know claim their
action is nothing but a smoked screen to cover the bad blood that is raging
between the two strong Lagos politicians.
Many people will attest to the fact that as soon as the
leadership baton was changed between the two, the camp of Fashola has been
feeling bad that the new government is out to not only destroy the legacy left
behind by his predecessor but also to discredit his term that has good rating
both inside and outside the shores of the land.
Apart from the fact that Fashola did not support Governor Ambode during the electioneering period, the issue of bad government that can hinder the intention of Ambode-led government to do what is right is what has been giving the number one citizen of the state of excellence sleepless nights.
Apart from the fact that Fashola did not support Governor Ambode during the electioneering period, the issue of bad government that can hinder the intention of Ambode-led government to do what is right is what has been giving the number one citizen of the state of excellence sleepless nights.
The much suppressed animosity between Lagos State
governor, Akinwumi Ambode and his predecessor, Raji Fashola was going to be
full-blown if not that those that matter are coming in-between to see that it
does not affect the party.
Aside sacking Fashola’s loyalists, Governor Ambode has
made it known that he is ready to open the books of Fashola to make sure that he’s
accountable for his mis-governance.
When the report came that the Lagos State Public
Procurement Agency posted a report on its website stating that N78.3m was paid
to a firm, Info Access Plus Limited, for the upgrade of Fashola’s website
through the Office of the Chief of Staff to the Governor, many people knew that
it was another move to expose Fashola who has always been wearing the robe of a
saint.
The move, it was
gathered, was sanctioned by Ambode to give the public a clear picture of
alleged financial atrocities committed by his predecessor.
One of the reasons Governor Ambode is so angry with Fashola is that he left a whopping N430billion debt for the new administration as against the N15billion he inherited from Bola Ahmed Tinubu.
It was also learnt that Fashola had spent over 70 percent of the 2015 budget projection of the state as at the time he handed over on May 29, a thing that shouldn’t have happened in a normal democracy.
A document made available to the public has it that there was a domestic debt of N69.666 billion; N225 billion debt from bond issuance and N207.499 billion from external loan from foreign bodies.
It also indicated that the internal loans from commercial banks “have tenors of four to six years, while the multilateral financing agencies including the World Bank, French Development Agency and others, are on concessionary borrowing terms, such as 20 – 40 years tenor and average of 1.75 per cent per annum interest rate.”
On the bond, the document showed that the state government under the immediate past governor issued a bond of N275 billion, though N50 billion had been paid from the total sum in 2014, thus leaving a balance of N225 billion.
On the domestic debt, the document stated that Fashola incurred about N69.666 billion, indicating that the Ambode administration “is expected to pay N14.27 billion this year; N13.68 billion in 2016; N34.68 billion in 2017 and the balance of N6.85 billion in 2018.
“On the overall loan, the mode of payment is that Ambode would pay N15.96 billion in 2015; N16.796 billion in 2016; N48.57 billion in 2017 and N10.644 billion in 2018. He will pay N59.313 billion in 2019 and N86.54 billion in 2020 as the remaining N180.397 billion would transcend beyond 2020.”
The development was said to have angered Ambode, who reportedly protested to close aides that he was being set up for a big fall.
The duo, it was gathered, have not seen since the hand-over or even had a formal or informal exchange, a development said to have been a fallout of the deep-seated animosity between them.
While Fashola believed that Ambode was imposed to rubbish his achievement, his successor is alleged to have insisted that Fashola was determined to financially cripple his administration hence the huge debt he left behind.
Sources close to Ambode confided that the governor is bent on exposing the shady ‘deals’ under Fashola though it was gathered that party officials are said to be prevailing on him to have a change of mind because of the possible backlashes on the All Progressives Congress(APC).
Ambode is particularly said to have been irked that Fashola has a larger-than-life perception rating in the public, contrary to the alleged financial recklessness under his nose.
One of the reasons Governor Ambode is so angry with Fashola is that he left a whopping N430billion debt for the new administration as against the N15billion he inherited from Bola Ahmed Tinubu.
It was also learnt that Fashola had spent over 70 percent of the 2015 budget projection of the state as at the time he handed over on May 29, a thing that shouldn’t have happened in a normal democracy.
A document made available to the public has it that there was a domestic debt of N69.666 billion; N225 billion debt from bond issuance and N207.499 billion from external loan from foreign bodies.
It also indicated that the internal loans from commercial banks “have tenors of four to six years, while the multilateral financing agencies including the World Bank, French Development Agency and others, are on concessionary borrowing terms, such as 20 – 40 years tenor and average of 1.75 per cent per annum interest rate.”
On the bond, the document showed that the state government under the immediate past governor issued a bond of N275 billion, though N50 billion had been paid from the total sum in 2014, thus leaving a balance of N225 billion.
On the domestic debt, the document stated that Fashola incurred about N69.666 billion, indicating that the Ambode administration “is expected to pay N14.27 billion this year; N13.68 billion in 2016; N34.68 billion in 2017 and the balance of N6.85 billion in 2018.
“On the overall loan, the mode of payment is that Ambode would pay N15.96 billion in 2015; N16.796 billion in 2016; N48.57 billion in 2017 and N10.644 billion in 2018. He will pay N59.313 billion in 2019 and N86.54 billion in 2020 as the remaining N180.397 billion would transcend beyond 2020.”
The development was said to have angered Ambode, who reportedly protested to close aides that he was being set up for a big fall.
The duo, it was gathered, have not seen since the hand-over or even had a formal or informal exchange, a development said to have been a fallout of the deep-seated animosity between them.
While Fashola believed that Ambode was imposed to rubbish his achievement, his successor is alleged to have insisted that Fashola was determined to financially cripple his administration hence the huge debt he left behind.
Sources close to Ambode confided that the governor is bent on exposing the shady ‘deals’ under Fashola though it was gathered that party officials are said to be prevailing on him to have a change of mind because of the possible backlashes on the All Progressives Congress(APC).
Ambode is particularly said to have been irked that Fashola has a larger-than-life perception rating in the public, contrary to the alleged financial recklessness under his nose.
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