By Ogar Monday; House of Assembly Correspondent The Cross River House of Assembly has given the Governor, Senator Ben Ayade clearance to access NGN20 billion in funding through a bond facility. The clearance follows the approval of the report of the adhoc committee led by Honorable Eteng Jones (PDP Yakurr2) presented on the floor of
By Ushang Ewa The total debts of Cross River State as at December 2016 exceeded its statutory revenue by 486.49% says the Fiscal Responsibility Commission (FRC) 2016 Annual Report. This is contrary to the guidelines of the Debt Management Office (DMO) on debt sustainability which states that the debt status of each state should not
By Jonathan Ugbal The Speaker of the Cross River State House of Assembly, Honorable John Lebo has said creditors have proceeded to courts to liquidate their investments in the controversial USD470 million Tinapa Premier Business and Leisure resort. Mr. Lebo said the most tasking thing now is to pacify creditors not to liquidate their investments
By Jonathan Ugbal The Cross River State Government among other states and the Federal Capital Territory (FCT) has demanded a refund from the deductions for the Paris club loan findings by CrossRiverWatch reveal. The total sum is $160, 936, 263.51 and when converted to the Naira with the parallel market exchange rate of 430 Naira