Skip to content

Calitown

News, Here, Everytime!

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational
  • Toggle search form
  • Meet Pastor Peter Inyang, The Man Of God Bringing The “Jesus Or Nothing” Crusade To Calabar! Cross River News
  • First Ugep Open Table Tennis Tournament Ends, Winners Carts Away Cash Prizes Community
  • UPCA Express Commitment To Communal Development Of Ugep Cross River News
  • First Ever Ugep Open Table Tennis Tournament Reaches Quarter Finals Cross River News
  • Casual Staff In The CRS Civil Service To Be Fully Engaged Cross River News
  • MY ROAD TO UGEP: A Pilgrimage Of Laughter & Lament Community
  • Akamkpa Community Youths Burn Down Residence Of Village Head, Two Suspected Dead Cross River News
  • See Full List Of 24 Academic Staff In Unical Promoted To Professorial Cadre Cross River News

Ayade To Secure N5 Billion Loan, CR House Of Assembly Agrees

Posted on July 9, 2019 By Admin 1 Comment on Ayade To Secure N5 Billion Loan, CR House Of Assembly Agrees
Ayade

The Cross River State House of Assembly has granted approval to state governor, Ben Ayade, to a N5 billion loan facility from First Bank of Nigeria, with an eighteen percent interest rate, payable over a 24 month period, to help the governor offset unpaid pensions and fix “other unforseen obligations of government”.

A letter from the governor, read on the floor of the House today by Bassey Ekpenyong, Clerk of the House, revealed further that the decision to obtain the loan was reached at the second meeting of the College of Permanent Secretaries, chaired by the governor. The monthly federal allocation to the state would be used to service the loan facility, www.calitown.com can reveal.

Peter Odey, representing Ogoja State Constituency, who spoke in favour of the loan facility being granted, begged that the facility be properly used by the state government and for the reason for which it was obtained.

But Elvert Ekom, Ikom II State Constituency, in a swift reaction, asked the House to equally ask the governor to come clear with what he meant by “unforseen obligations of government”, for proper accountability. “The governor would have done the House more good if he had properly explained what else he intends to use the loan facility for instead of simple classifying whatever it may be as “unforseen obligations of government”, the House member maintained.

Making excuses for government, Friday Okpechi, Obubra I State Constituency, told the House that the governor, Ben Ayade prompt payment of salaries in the past and the present delay in payment of June salaries could be what the governor may have referred to in his letter as “unforseen obligations of government”. The House finally resolved and granted the governor’s request to secure the N5 billion loan facility.

Share this post:

Share on X (Twitter) Share on Facebook Share on LinkedIn Share on Email Share on WhatsApp Share on Telegram
Cross River News, News Tags:Ben Ayade, Cross River State House of Assembly, Loan

Post navigation

Previous Post: AFCON: Super Eagles Dump Cameroun, Save Face
Next Post: More Drama Expected As AFCON Quarter-Finals Begin

Related Posts

  • There Shall Be A Clarion Call… “SAN” Must Answer! Cross River News
  • INEC Presents Certificate Of Return To Obudu Assembly Bye-Election Winner, Abbey Ukpukpen Cross River News
  • New GM Mosquito ‘Could Help Defeat Malaria’ News
  • Twin Sisters Hack Brother To Death Over Piece Of Land Cross River News
  • Four Cross River Women Make List Of 100 Most Influential Women In Nigeria  Cross River News
  • CR: Two Traditional Rulers Lead Charge Against Inclusion Of Two LGAs In Proposed Ogoja State Cross River News

Comment (1) on “Ayade To Secure N5 Billion Loan, CR House Of Assembly Agrees”

  1. DavidAlul Akong says:
    July 9, 2019 at 11:57 pm

    We hope for positives result

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Comments

  • Michael on See Full List Of 24 Academic Staff In Unical Promoted To Professorial Cadre
  • Charity Obia on See Full List Of 24 Academic Staff In Unical Promoted To Professorial Cadre
  • Elder Emmanuel Imom on Obono-Obla: “No, I Didn’t Take Any Federal Polytechnic Away From Ikom To Ugep”
  • Michael Eyong on C’River: Tension Rises In Ugep, One Killed In Cult Clash

ADVERT: Click to Watch!

https://calitown.com/wp-content/uploads/2017/10/VID-20170928-WA0003.mp4
  • Flaws Flow As 2017 Calabar Christmas Festival Opens Cross River News
  • CJN: Don’t Cheat Us, Niger Delta Leaders Tell Buhari Cross River News
  • Jedy Agba’s Nomination Stirs Up 2023 Governorship Rotation Debate In Cross River Cross River News
  • “No Automatic Tickets For National Assembly Members” – Tukur News
  • Joseph Edra Ukpo, Catholic Archbishop Emeritus of Calabar Passes On Cross River News
  • Ayade Suspends 2021 Calabar Carnival Breaking News
  • Unical Suspends Lecturer For Tampering With 235 Out Of 242 Exam Scripts, Awarding Marks To Absent Students Cross River News
  • CR 2015 Elections Update Cross River News

CALITOWN
...News, Here, Everytime

Quick Menu

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational

Copyright © 2021 calitown
172 Greenwood Avenue , Hull. East Yorkshire. HU6 9NY

Powered by PressBook News WordPress theme