C’River assembly to probe ‘frivolous loans, ghost industries’ of Ayade’s govt

The Cross River State House of Assembly has vowed to probe the immediate past administration of the former state governor, Ben Ayade.

The Speaker of the Assembly, Elvert Ayambem, who made this public Thursday while speaking to journalists in Calabar, asserted that Ayade dragged the state into huge debts which had stalled the progress of the administration of the current governor, Bassey Otu.

Ayambem affirmed that Ayade’s administration was involved in many frivolous loans and ghost industries and that the Assembly was determined to stop and revoke deals on industries concessioned by the administration.