EKITI STATE AUDITED LIABILITIES AS AT 31ST DECEMBER 31, 2017.
- EKITI STATE AUDITED LIABILITIES AS AT 31ST DECEMBER 31, 2017.
- When Outstanding Liabilities due to contractors and Local Government liabilities are added, by October 16, 2018, total liabilities estimate is N160 billion.
- Prof. Bolaji Aluko (Director-General) Office of Transformation, Strategy and Delivery (OTSD).
Ekiti State is in a N160 billion hole because of a completely negligent management of Ekiti resources, and a complete lack of effort to use, not to talk of expand, external monies that would have come to Ekiti State between 2014 and 2018.
- CURRENT LIABILITIES NGN NGN
- Recognised in the Financial Statements:
- Outstanding Salaries & Wages 5,818,925,332.85
- Unremitted Deductions (Salaries) 1,265,750,692.70
- Outstanding Pension 1,519,119,649.40
- Outstanding Gratuities 10,434,373,386.08
- Outstanding Contributions to CPS 64,505,487.36
- Outstanding Grants/Subventions 4,334,248,241.98
- Outstanding Transfer to Other Charges 113,597,650.00
- Outstanding Overheads . 94,850,519.38 .
23,645,370,959.75
- Not Yet Recognised in the Finacial Statements:
- Outstanding Furniture Allowance 208,245,047.24
- Outstanding Debts of Law Firms 235,000,000.00
- Outstanding Statutory Deductions . 1,218,861,341.27 .
(Subject to Review by FIRS)
TOTAL CURRENT LIABILITIES 25,307,477,348.30
- NON CURRENT LIABILITIES
- Recognised in the Financial Statements:
- Domestic Loan 66,967,961,273.07
- Foreign Loan 20,748,175,056.79
- Foreign Loan (Not Yet Recognised) 3,758,112,958.99 .
TOTAL NON-CURRENT LIABILITIES 91,464,249,288.85
TOTAL LIABILITIES (A+B) 116,771,726,637.15
NOTE: Outstanding liabilities due to contractors are not included
