586

views
Unfave

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 ...
Read the rest of the story on Guardian News

Added June 12, 2012
from Guardian News