Faboyede came third at the PDP primary while Adedipe Ifedayo, secured 82 votes to win the primary.
Speaking to journalists in Akure, Faboyede debunked viral statements disparaging former Governor Olusegun Mimiko and other PDP leaders over outcome of the party primary.
Faboyede, who declared the PDP primary as free, fair, said he accepted results of the primary and was ready to work with Ifedayo to secure victory at the general elections.
According to him: “The primary was free and fair, that is the truth. The atmosphere was conducive, devoid of rancour and the followed all the procedures. I accept the outcome of that primary.
“I want to make it abundantly clear that without malice I stand and I have never asked anybody either on Facebook of WhatsApp to start casting aspersions and derogatory languages on my leader, Dr Rahman Olusegun Mimiko.
“I want to make it clear that I have no grudge against anybody. If PDP picks anybody tomorrow, on PDP I stand, I will still perform and Ifedore will still deliver.
“I’m a PDP person and a party man to the core. I was the chairman of the party in the State when it was in tatters and down.
” When I came out of incarceration courtesy of APC victimisation, I was assisted by Eyitayo Jegede SAN to put the party back to its footing.
“We had two senators out of three, three Houses of Representatives members out nine and we came first for our presidential flag bearer then, Alhaji Atiku Abubakar in the Southwest.”