Premium Times Newspaper

The Managing Director of Cross River Basin Development Authority has been suspended from office by the board of the agency. Bassey Nkposong was suspended on Thursday after an ad-hoc committee which looked into how the agency was being run accused him of irregularities in the award of N250 million worth of contracts and other “breaches.” The committee was set up by the board in September 2019. “The committee observed from the various breaches that the Managing Director has advertently arrogated to himself the status of a sole administrator regardless of the extant provisions of the Establishment Act of the Authority,” the committee noted in its report which was submitted in February 2020, five months after it was set up. “The above scenario has led to many breaches where contracts which cle...