N50 Billion Ibadan Explosion Intervention Fund: Governor Makinde Paid Only N4.5bn To Victims And Diverted N45.5 Billion, Fayose Alleges

N50 Billion Ibadan Explosion Intervention Fund

OpenLife Nigeria reports that former governor Ayo Fayose has alleged that governor Seyi Makinde of Oyo State received N50 billion support from the federal government to cushion the effect of the January 2024 Ibadan explosion.

Irked by the allegation on national television, governor Makinde demanded proof that he received such  sum.

Following the request, Fayose has released a proof of request, stressing that governor Makinde only paid N4.5billion to the victims and diverted the rest for personal use.

However, the proof presented by Fayose does not include proof of approval and payment of the money.

The former governor wrote:

Two days ago, I said on a national television that Oyo State under Governor Seyi Makinde got a sum of N50bn from the Federal Government as intervention on the January 2024 explosion in Ibadan.

Yesterday, the Governor responded by asking me to provide evidence that he received such money, and here is the evidence he asked for.

Meanwhile, 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.

Even though it is not in my character to go public with official government documents, I had to do this so that Nigerians will know who is saying the truth, and who has not been sincere with the people of Oyo State.

Most importantly, 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 evidence 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.

Ayodele Fayose
Governor of Ekiti State
(2003 – 2006 and 2014 – 2018)
December 28, 2025