Cross River: Assembly vows to probe ex-gov Ayade over concession deals, ‘heavy’ debt

cross river: assembly vows to probe ex-gov ayade over concession deals, ‘heavy’ debt

Cross River: Assembly vows to probe ex-gov Ayade over concession deals, ‘heavy’ debt

Speaker of Cross River State House of Assembly, Elvert Ayambem, has raised the alarm over the ‘huge’ debt left behind by former Governor Ben Ayade.

He said the debt, occasioned by frivolous loans and phantom industries initiated by Ayade’s administration, has overburdened Governor Bassey Otu’s administration.

According to him, Otu ‘is going through a lot’.

“The various loans that the previous administration of Ben Ayade acquired have relatively placed us on edge right now. You can’t quantify it because it is much and it is heavy, which is relatively placing the House on an edge also.

“We understand that Governor Bassey Otu is going through a lot because of the loans obtained by Ayade. That is our worry too.

“I wish the governor we have today came and met a loan that he can repay, it would have helped a great deal. You know he is trying to finish the International Cargo Airport in Obudu initiated by Ayade,” he said.

The Speaker added that he had cautioned Otu that he cannot necessarily continue with all of Ayade’s uncompleted projects.

“I have told the governor that it’s not every of the Ayade projects that he should give a listening ear to.

“This is because we discovered lately that almost all those that are viable were concessioned two days before Ayade left office. And Ayade concessioned them to his friends and family members.”

The Speaker added that “no dime was paid to state coffers” in the concession deals.

“I can tell you that in all of these projects, you hear about concessions, no dime was paid into Cross River State Government coffers. Not one dime. Prove me anywhere, not one dime was deposited into the Cross River State account,” he said.

The Speaker said despite the fact that the state government had 30 per cent shares in Transcorp Hotel Calabar, it was sold to private owners without any money paid into the state’s coffers.

“We had a meeting with Transcorp, they could not account for a dime that was paid to Cross River State Government yet it was sold it outright.

“Look at the Garment Factory, the Ogoja Rice Mill, and all of that, all of those industries have been concessioned but there is no document anywhere that shows that a dime was deposited into Cross River State Government coffers. Not a dime,” he stressed.

The Speaker vowed that the House will revoke all the concessions, disclosing that they are taking them one after the other.

“We will revoke all of that nonsense that they call concession. Take it from me, we will revoke all. We will because you cannot concession any state government infrastructure and don’t deposit a dime into the state government’s coffers. It is not done anywhere in the world.”

He added that the lawmakers would probe Ayade’s administration.

Cross River: Assembly vows to probe ex-gov Ayade over concession deals, ‘heavy’ debt

OTHER NEWS

6 hrs ago

Richard Sherman, who fuelled Disney charm in Mary Poppins, The Jungle Book and ‘It’s a Small World,’ dies at 95

7 hrs ago

Kazakhstan: Dog covered in pouf filling after tearing it apart in Astana

7 hrs ago

Cholesterol Demystified: Understanding Symptoms, Causes, and Effective Treatments

7 hrs ago

Federal Police Commission, South Sudan National Police Service Agree To Prevent Terrorism, Arms Trafficking in Border Areas

7 hrs ago

VivaTech 2024: Safer EV batteries, flying taxis and automated planes showcased in Paris

7 hrs ago

PGA Tour player Grayson Murray dies - PGA tour

7 hrs ago

AU Peace and Security Council expresses grave concern over Darfur situation

7 hrs ago

Russia Continues Supporting Goals of AU, Ambassador Terekhin Says

7 hrs ago

Better Artificial Intelligence Stock: Nvidia vs. SoundHound AI

8 hrs ago

BTCC Snetterton: Hill and Thompson top free practice

8 hrs ago

National Junior Athletics: Two more new national records created on 2nd day, Saturday

8 hrs ago

Retro Japan: Taisho-era painter's atelier sits in quiet area in bustling Tokyo

8 hrs ago

Infertility: A contributing factor to mental disorders in Ghana – Psychiatrist

8 hrs ago

Mini Thai durian prices halve on high supply

8 hrs ago

Common Questions About Inflammation Answered By Harvard Health Publishing.

8 hrs ago

BAL 2024: AS Douanes beat Rivers Hoopers in playoffs classification game

9 hrs ago

'Ravan Rajya…' Yogi condemns Mamata’s remarks on Ramakrishna Mission in Bengal

9 hrs ago

Pacers' Haliburton will miss Game 3 of the Eastern Conference finals because of a hamstring injury

9 hrs ago

70% of Americans Label Economy ‘Poor’: 10 Ways To Save Money in a Bad Economy

9 hrs ago

Indiana Pacers vs. Boston Celtics: Predictions and odds for Eastern Conference Finals Game 3

10 hrs ago

Awesome Foursome Guardiola in a class above the rest

10 hrs ago

THROUGH PICTURES: BAL delegates join local basketball community at Umuganda

10 hrs ago

ChatGPT, explained

10 hrs ago

Zifa in desperate Warriors move

10 hrs ago

Is Jim Cramer Right About This Apple Catalyst?

10 hrs ago

Golf-PGA Tour player Grayson Murray dies - PGA Tour

11 hrs ago

Slow train to Kelantan: the passengers embracing Malaysia’s history of rail travel

11 hrs ago

US Army delivers electronic warfare training to Moroccan soldiers

11 hrs ago

Professional Faqs: What Should I Look For After A Miscarriage?

11 hrs ago

PHOTOS: Imbuto Foundation, BAL celebrate African Day through Umuganda

11 hrs ago

FA Cup final: ‘He’s enjoyable to watch’ – Ten Hag singles out Man Utd star

11 hrs ago

Barcelona enter era of dominance in women's football

11 hrs ago

Bagnaia “lost another great opportunity” in Barcelona MotoGP sprint crash

11 hrs ago

Yemen: Yemeni officials offer Iran condolences over death of Raisi

11 hrs ago

Ask A Nutrition Professional: How Do I Take Cinnamon?

11 hrs ago

Ask A Doctor: How Can I Get Rid Of Gastroenteritis Fast?what Can I Eat If I Have Gastroenteritis?

11 hrs ago

Ask A Nutrition Professional: Is The Moringa Tea Good For Type 1 Diabetics?

12 hrs ago

I’m a Self-Made Millionaire: 5 Reasons a Trump Presidency Is Better for Building Wealth

12 hrs ago

FA Cup final: He proved me wrong – Keane on Man Utd star

12 hrs ago

Place To Be – The Silk Road

Kênh khám phá trải nghiệm của giới trẻ, thế giới du lịch