Imoke gets House’s nod for N4.4b media city, agric loans

GOVERNOR Liyel Imoke’s bid to reinvent the media and agriculture sectors through a N4.4 billion loan has been endorsed by the Cross River State House of Assembly. The state government had sought the House’s consent to guarantee a First Bank Plc’s N2.4 billion Special Purpose Vehicle (SPV) for Ebony Life to execute the Calabar Media City and to access a N2 billion Federal Government’s loan to revamp the agriculture sector. In a letter he wrote to the Assembly on May 31, 2012, Imoke said the N2.4 ...
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Added June 12, 2012
from Guardian News