Gov. Otu Denies Taking Fresh Loans.
Cross River Governor Bassey Otu has denied taking or signing any fresh domestic or foreign loan since he took over on May 29, 2023.
The Governor’s reaction follows the worrisome figures presented on the spreadsheet of the Debt Management Office on its website.
Speaking through his Chief Press Secretary, Nsa Gill, Governor Otu wondered how the Debt Management Office arrived at N220.2billion as the domestic debt profile of Cross River State as of December 2023, up from N204.04billion posted for the state as of June 30th, 2023.
The difference in the figures, subtracting N204billion from N220.2billion is the purported N16.2billion reported as a fresh domestic loan allegedly obtained by Governor Bassey Otu’s administration.
The Chief Press Secretary said Governor Otu frowns on the misinformation portraying fresh borrowing and demands scrutiny of the figures posted by the DMO.
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