AYADE’S 20 BILLION BACKDOOR LOAN PUTS CROSS RIVER ON THE BRINK
This is an SOS to the good people of Cross River, the EFCC, the ICPC and the Federal Economic Council. The Cross River state Governor recently got his state exco to approve a 20 billion Naira loan- without proper deliberation. 10 billion Naira from First Bank and another 10 billion from Zenith Bank. This details were kept away from the press and the general public and only got leaked to us, on the condition of anonymity, by some exco members who weren’t comfortable with it. Because asides adding to the huge debt burden of the state(170 BILLION Naira domestic and 190 MILLION US Dollars foreign), there are no tangible plans for its expenditure. In fact, the governor boasted to some confidants that he was going to use the money to buy his way through the forthcoming PDP congress. He vowed to bribe PDP national exco members so the party’s structures could be handed over to him. The recent plan by some party bigwigs at the state and national level to take take over the party from him, due to his poor handling, has left the under fire Governor very jittery. The fallout with the key party players in the state got to the brink when he, his brother Francis and his sister Katherine, singlehandedly selected the LGA chairmanship candidates of the party without consulting the people, party stakeholders and without conducting primaries. It has also been revealed that the state Chairman of CROSIEC Dr Mike Ushie, a kinsman of the governor also revealed to close associates that Ayade had promised to release 1 billion Naira to him to conduct the LG council election in March- on the condition that he would return 500 million Naira to the Governor.
Nothing works in our dear state any longer. Calabar airport used to have at least 5 flights ewch every day from Lagos and Abuja when Duke was governor but in the last two years, it’s barely one flight per day with some days not witnessing any flights from these cities.
We hereby call on the Cross River people to resist the imposition of candidates and the Obudunization of our dear state by the Kakum mafia. The state is on the brink of total collapse economically, politically etc, now is the time to rise up and fight bad governance.
We specifically ask the EFCC and ICPC to keep an eye on the 20 billion Naira loan and if possible, block its disbursment because of the motive behind its collection and the mode of approval(without due process) by the state exco. Most importantly, monitor the account of the Cross River Independent Electoral Commission going forward so the 1 billion Naira isn’t misappropriated.
Coordinator, Rescue Cross River group