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.
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 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.
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