FG accuses Cross River of misappropriating N19b bailout fund

The Federal Government has accused the Cross River State government of misappropriating N19billion, which was given to it as bailout fund to pay salaries and pension.

Senior Special Assistant to the President on Prosecutions, Okoi Obono-Obla, told The Guardian on Tuesday that “the president had bailed the state out twice but the funds were not judiciously used?”

He explained that the Federal Government gave N7.8billion to the state in July 2016 and another N11.5billion in December to settle all outstanding indebtedness.