Senate Gives Cross River 5 Day Ultimatum To Explain WhereAbout Of 7.8Billion Bailout Funds

In Breaking News, Business & Economy, National News, Politics, Reports

By CrossRiverWatch Admin

The Senate Committee on States and Local Government Administration has given Cross River Government five days ultimatum to submit a comprehensive report on how it expended the N7.856bn bailout funds meant for salary arrears.

The committee gave the directive in Calabar while investigating alleged misappropriation of the bailout funds given to the state.

The visit to Calabar was part of the committee’s nation-wide probe of states that accessed the funds to offset workers’ salary arrears.

The Chairman of the committee, Sen. Abdullahi Gumel, while interfacing with the Cross River State Executive Council members, said the allegations of misappropriation levelled against the state were enormous.

He assured the committee would not rest on its oars, until it carried out thorough investigation into the matter in the state and 29 other states which accessed the fund.

The lawmaker stressed that the committee had interfaced with the Central Bank of Nigeria and Ministry of Finance to get reports on the debt profile of the state before proceeding on the investigation.

While expressing dissatisfaction with explanations given by Mr Joseph Adie, the Accountant General of the state, Gumel directed him to submit a comprehensive report on the disbursement of the funds on or before Friday, January 20, to the committee’s clerk.

He added that “your explanation is clumsy. We need a comprehensive report’’.

Earlier, the Deputy Governor of the State, Prof. Ivara Esu, said the state government would be willing to provide necessary information on how it expended the funds.

He pointed out that Cross River State was one of the few states not owing workers’ salaries.

“Cross River does not owe pensioners. We do not owe salaries. We have no complaints and monies given to us have not been misappropriated.

“When other states were owing eight months, we were owing two months and that made us to regret because we got much less.

“What we got we utilised but the Accountant General will give you the report. If you have any questions you can ask him,’’ he said.

Cross River collected N7.856bn as bailout fund.

However, the state allegedly disbursed N3.140bn, leaving a balance of N4.715bn.


Since You Are Here, Support Good Journalism

CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.


New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here

Expose Your Business And Make More Sales. Advertise On Today

You may also read!

NSCDC Recovers Vandalized Items, Arrest Chief Priest, Two Others, Burnt Down Shrine In Akpabuyo

By George Odok, NAN Correspondent The Nigeria Security and Civil Defence Corps, NSCDC, has arrested a chief priest, Etim


Kidnappers On The Prowl In Calabar, Abduct Varsity Student, 9 Others

By  Judex Okoro, The Sun Newspaper Tension and fear have gripped residents of Calabar, the capital of Cross River


EFCC Tasks NACCIMA On Business Ethics And Integrity

By Bankole Abe, The ICIR The Economic and Financial Crimes Commission (EFCC) has urged the Nigeria Chamber of Commerce,


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now