Liyel Imoke Claims Inheritance of Debts from Donald Duke Regarding Tinapa Project
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New informationRepeats or wire copies
What happened
Liyel Imoke stated that he inherited debts and contingent liabilities from his predecessor, Donald Duke, regarding the Tinapa Business and Leisure Resort in Calabar. Imoke explained that his administration continued to invest in and expand the project, which was intended as an integrated tourism and free trade zone. He noted that his administration was required to bring in power to the facility, which was not available upon commissioning.
From thesun.ng, dailypost.ng
Why it matters
Imoke stated that the project required a monthly expenditure of one billion naira toward servicing the inherited debt. He added that the project was a commercial venture undertaken with public funds of Cross River State. Imoke maintained that he supported the project until he left office.
From dailypost.ng
Who's involved
- Donald DukeInitiator of the Tinapa project and alleged originator of the inherited liabilities.
- Liyel ImokeFormer governor who claims to have inherited the debts and liabilities of the Tinapa project.
- CalabarThe integrated tourism and free trade zone facility at the center of the financial dispute.
- Cross River StateThe state whose government was responsible for the project and whose finances are implicated.
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The entities involved
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Donald Duke
Nigerian politician
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Liyel Imoke
Nigerian politician
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