Former Ekiti State Governor Ayodele Fayose has released what he described as documentary evidence to back his claim that the Oyo State Government, under Governor Seyi Makinde, received N50 billion from the Federal Government as special intervention funds following the January 2024 explosion in Ibadan, the state capital.
Makinde had rejected Fayose’s claims that he received N50 billion from President Bola Tinubu after the explosion, describing the allegation as false and baseless.
Speaking through his media aide, Dr Sulaimon Olarenwaju, Makinde on Saturday challenged Fayose to provide evidence to back up the claim, insisting that no such donation was made to the Oyo State Government.
Reacting on Sunday, December 28, 2025, Fayose released the document — a letter from the Office of the Accountant-General of the Federation to the Minister of Finance — listing Oyo State among beneficiaries of special intervention funds, with a request of N50 billion for reconstruction efforts after the Bodija explosion.
The former governor said the document shows that the intervention was meant to support the reconstruction of affected areas in Ibadan, particularly the Bodija axis, but alleged that only about N4.5 billion was eventually released to victims.
“Here is the evidence he asked for,” Fayose said, insisting that the bulk of the funds was diverted to other purposes, including what he described as Makinde’s presidential ambition.
Fayose further alleged that the matter partly explains the ongoing crisis within the Peoples Democratic Party (PDP) and Makinde’s criticism of Tinubu and his administration.
“Only N4.5bn was released to victims of the Ibadan Explosion. 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,” the former governor noted.
Makinde demands evidence after Fayose alleges he took ₦50bn from Tinubu
Although he admitted that it is not his usual practice to make official government documents public, Fayose said he was compelled to do so in the interest of transparency.
The former governor also challenged Makinde to seek legal redress, insisting that he stands by his claims.
Fayose stated: “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.
“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.
“Also, there are documentary evidences on the actual Internally Generated Revenue (IGR) of Oyo State, as against Governor Makinde’s claim, but we will keep our gunpowder dry for now.
“My name is still Ayo Fayose, I don’t say what I can’t prove.”
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