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Reading: Fayose Releases Documents Alleging ₦50bn Federal Support to Oyo After Ibadan Explosion
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Home » Fayose Releases Documents Alleging ₦50bn Federal Support to Oyo After Ibadan Explosion

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Fayose Releases Documents Alleging ₦50bn Federal Support to Oyo After Ibadan Explosion

Ogunsola Gbenga
Last updated: 28 December 2025 1:07 pm
Ogunsola Gbenga
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Ayodele Fayose

Contents
Fayose’s ClaimsAdditional AllegationsGovernment’s PositionContext

Former Ekiti State Governor Ayodele Fayose has released documents he claims show that ₦50 billion was approved by the Federal Government, under President Bola Ahmed Tinubu, as emergency support to Oyo State following the January 2024 Ibadan explosion.

Fayose’s action follows a public denial by Oyo State Governor Seyi Makinde, who had challenged him to provide evidence backing the allegation.

Fayose’s Claims

In a statement signed by him and circulated on Saturday, Fayose said he made the documents public to allow Nigerians to independently assess the veracity of his claims. He alleged that although the funds were approved as emergency relief after the explosion, only ₦4.5 billion was reportedly disbursed to victims.

Fayose further claimed that the remaining funds were allegedly diverted to support Governor Makinde’s purported presidential ambition—an allegation that has not been proven and remains contested.

He also dared Makinde to take legal action against him, insisting that additional records exist showing that other forms of federal financial support to Oyo State were not disclosed to the public.

Screenshot 2025 12 28 130441

Additional Allegations

Beyond the emergency funds, Fayose claimed to possess documents relating to what he described as the actual Internally Generated Revenue (IGR) of Oyo State, which he said differs from figures publicly stated by the governor. He indicated that more documents could be released at a later time if necessary.

In his words, Fayose stated that he would not make such allegations without evidence and maintained confidence in the authenticity of the documents he shared.

Government’s Position

Governor Makinde has previously dismissed the ₦50 billion claim as false, with the Oyo State Government reiterating that no such amount was received from the Federal Government. The state has maintained that all interventions and relief measures connected to the Ibadan explosion were handled transparently, with proper documentation.

As of the time of filing this report, the Oyo State Government has not issued a fresh response specifically addressing the documents released by Fayose.

Context

The January 2024 explosion in Ibadan resulted in multiple fatalities, dozens of injuries, and extensive property damage, prompting calls for federal assistance and coordinated relief efforts.

The dispute between Fayose and Makinde has continued to generate public debate, with observers noting that the matter may ultimately require independent verification or legal clarification.

Related: FG Bans Admission, Transfer of Students Into SS3 Nationwide

TAGGED:Ayodele FayoseSeyi Makinde
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ByOgunsola Gbenga
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Ogunsola Gbenga, also known by his online alias "WideBaBa," is the Founder and CEO of NaijaWide.com, a Nigerian entertainment and lifestyle website focusing on news, music, fashion, and culture. He studied Mass Communication at The Polytechnic Ibadan and is known for his work in digital media, creating a platform for Nigerian content
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