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LG Fund Gate: Yakurr HOLGA Not Aware Of Loan Deals

About the report that the State Governor, Sen. Ben Ayade is mandating the Heads Of Local Government Administrations (HOLGAs) to buy loan assets from the State Government at 30% interest rate in order to pay LG staff, Yakurr HOLGA, Mr. Michael E. Onogha told Cross River Daily that he is not aware of such an arrangement.

According to the said report, the governor persuaded the HOLGAs to initiate memos asking the State Government to continue paying the consolidated salaries for the State Universal Education Board SUBEB and the Cross River State Primary Health Care Development Agency CRSPHDA as loan, wherethen the LGAs will repay the State government at 30% interest rate from the LGA allocations which have been paid directly to LG accounts.

Despite the denial by Mr. Michael of Yakurr LGA, Cross River Daily understands that the 18 LGA Heads of Administrations will be meeting the State Government tomorrow, July 9th, to present the loan application.

Aside the HOLGAs, others to make signatory to the application are Directors of General Services and Administration (DGSAs) and the Directors Finance and Supplies (DFS) of all the 18 LGAs.

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