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Reading: Ibadan explosion: Return FG’s N30bn with curiosity because you did not spend It – Fayose tells Makinde
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Watch Nigeria > Blog > News > Ibadan explosion: Return FG’s N30bn with curiosity because you did not spend It – Fayose tells Makinde
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Ibadan explosion: Return FG’s N30bn with curiosity because you did not spend It – Fayose tells Makinde

Last updated: January 2, 2026 2:04 am
Terfa Ukende
4 hours ago
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Ibadan explosion: Return FG’s N30bn with curiosity because you did not spend It – Fayose tells Makinde
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Former Governor of Ekiti State, Ayodele Fayose, has charged the Oyo State Governor,  Seyi Makinde, to return the N30 billion he admitted was launched by the Federal Authorities as intervention fund for the January 16, 2024, Bodija explosion in Ibadan, since he claimed to not have spent the cash.

Fayose stated it was humorous that the governor didn’t inform the folks of Oyo State of the N30 billion he now admitted to have acquired and the N20 billion steadiness, till he blew the whistle on the N50 billion intervention fund.

In a press release on Thursday, by his Spokesperson, Femi Philips, the previous governor stated “since Governor Makinde has now stated that he stored the N30 billion he admitted to have acquired in a financial institution since 2024, Oyo State Authorities ought to return the cash to the Federal Authorities so it may be used for the folks for which the cash was meant.

“In spite of everything, the Federal Authorities has mechanisms to succeed in victims of the explosion since their Governor has chosen to play politics with their welfare.”

Fayose additionally insisted that “N30 billion in a financial institution for 18 months would have generated at the least,  N4.5 billion at 10 p.c curiosity.

“Due to this fact, Governor Makinde should return not lower than N34.5 billion to the Federal Authorities.”

Fayose, who stated public workplace calls for transparency and accountability, maintained that he needed to make the intervention fund public in order to show the hypocrisy of the Oyo State Governor.

“If he hadn’t go on nationwide tv to reveal what occurred in a gathering with the President, and hid the truth that he requested for N50 billion intervention fund for the explosion victims from the president,  and the request was granted, there wouldn’t have been any purpose to speak.

“However you may’t inform the general public what favours you a couple of assembly and hold those that ought to favour the opposite events. As a Yoruba man, we is not going to can help you destroy the President’s title and picture due to inordinate Presidential ambition.”





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ByTerfa Ukende
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Terfa Ukende is a seasoned financial writer with over seven years of experience covering topics on finance, investment, and economic development. He began his writing career with NewsWay before joining Watch Nigeria, where he continues to educate readers on wealth building, market trends, and smart money management. He holds a Bachelor’s degree in Statistics and Computer Science, which strengthens his analytical approach to financial reporting and investment insights.
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