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 Ogar Monday; House of Assembly Correspondent The Head of Local Government Administration (HOLGA) of Calabar South Local Government of Cross River State has revealed that the entire revenue that accrued to the Council in 2016 from the popular Watt Market in the center of Calabar metropolis was a paltry sum of twenty one thousand
By Emmanuel Unah A transportation firm in Cross River, Peace Mass Transit has threatened to leave the state if the trend of multiple taxes and levies imposed on it by agents of the government continues. The Managing Director of the Company, Mr. Sam Onyishiin a letter addressed to the Commissioner for Finance, Mr. Asuquo Ekpenyong
By Jonathan Ugbal: Government House Correspondent Cross River Governor, Senator Ben Ayade has approved the appointment of Ms Elizabeth Adede as the Special Adviser on Revenue Mobilization. Adede was appointed the commissioner for Finance in 1994 by the then state’s military administrator, Group Captain Ibrahim Kefas later became a member of the board of a
By Jonathan Ugbal: Government House Correspondent The Federal Government says it has augmented the allocation to Cross River State with the sum of NGN38Billion since the loss of its 76 oil wells to neighboring Akwa Ibom state after losing its littoral status due to the ceding of the Bakassi peninsula to Cameroun. The Chairman of
By Ogar Monday, House of Assembly Correspondent The Managing Director, Cross River State Water Board Limited, Prof. Godwin Igile has said that the Cross River State Water Board has the capacity to become an “oil well” with the capacity to bring in millions monthly as revenue if its full potentials can be harnessed. Prof. Igile
By Ogar Monday, House of Assembly Correspondent The Chairman, Cross River State House of Assembly Committee on Public Accounts, Hon. Steve Ukpukpen has stated emphatically that any Local Government Council that is found to have questions hanging over its revenue remittances will be sent to the revenue court for prosecution. Hon. Ukpukpen decried situations in
By Ushang Ewa Revenue collection agents in Obudu local government area have stepped up their collection game as the Christmas celebration draws nearer findings by CrossRiverWatch reveal. The agents whom CrossRiverWatch gathered report to different authorities and bodies of government now go after defaulters with renewed vigor by deploying new strategies to ensure they go