Skip to content
July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • N1.2bn debt crippling Cross River’s water board; MD seeks privatisation
  • Business & Economy

N1.2bn debt crippling Cross River’s water board; MD seeks privatisation

Admin July 12, 2022
Cross River water board

Cross River water board

Cross River water board
Cross River water board

Ehigimetor Igbaugba

Mr Victor Ekpo, Managing Director, Cross River Water Board, says that N1.2 billion debt being owed the utility company by customers have affected its service delivery to the people.

Ekpo who stated this while addressing newsmen in Calabar on Tuesday, also spoke on a wide range of issues affecting the water corporation and his plans to resuscitate the organization.

He stated that the debt covered between January 2020 and March 2021, and had made it impossible to replace broken down pipes, fix the generating sets and buy chemicals for water treatment.

The managing director, however, expressed regret that prominent citizens of the state, particularly politicians, formed the major people that were indebted to the board.

He stressed that since the debtors refused to pay in spite of several persuasive means, the corporation would adopt the option of publishing their names to compel them to pay.

Ekpo, who advocated for the outright privatisation of the board, said its revenue profile plummeted from about N50 million in 2007 to less than N1 million at the time he took over in January 2020.

“My first discovery here is the corruption in the board. Some of the staff turned the place to money-making ventures for themselves.

“While some of them created a means of collecting revenue to their personal account, others engaged in vandalism of key components of the board’s generating sets and stealing pipes.

“In fact, many of the staff attitude to work was not something that will enhance efficiency and effectiveness of the board to service delivery.

“Or how do you explain the situation where a staff procured her own PoS and started collecting and channelling revenue of the board to her personal account,” said Ekpo.

Ekpo, however, noted that in spite of the challenges he inherited, he had been able to raise the revenue to N9 million.

“I was able to achieve this from a near comatose state I met the water board.

“More can be achieved if we get the cooperation of our customers and staff who have resorted to vandalism of facilities of the board and some of our customers who bypass our meters.

“We also have challenges of huge electricity bill that amount to about N12 million monthly and the over N180 million electricity debt I inherited,” he said.

While noting that privatisation remained the best option for the Cross River Water Board, Ekpo assured that strategy had been made to ensure better service delivery to the people.

According to him, “We are surely going to come out stronger in the next few weeks. All, but one, of our nine stations, will start pumping water to the people.”

He said his target was to raise the revenue of the board to the level where it would start paying the N29 million of the staff monthly wage bill.

“I understand more people have resorted to sinking boreholes in their homes, but our water still remains the best. It is well treated for their safety.” (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Cross River water board debt Mr Victor Ekpo

Post navigation

Previous Police Commissioner warns online publishers: Stop publishing unverified stories
Next Stop using YW Cosmetics, it’s dangerous to your health – NAFDAC

Related Stories

West Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports regional heads
  • Business & Economy

West Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports

July 20, 2026
NLNG honours Professor Barth Nnaji for his contribution to science and innovation
  • Business & Economy

NLNG honours Professor Barth Nnaji for his contribution to science and innovation

July 20, 2026
IPMAN to FG: Stop issuing licences for petroleum products import Fuel crisis
  • Business & Economy

IPMAN to FG: Stop issuing licences for petroleum products import

July 20, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
Court sentences 2 Ansaru commanders to life imprisonment Federal High Court
  • National News

Court sentences 2 Ansaru commanders to life imprisonment

July 20, 2026
Nigeria’s Erebor elected ATU confab preparatory committee chair
  • International News

Nigeria’s Erebor elected ATU confab preparatory committee chair

July 20, 2026
Reps Committee commences consideration of revised State Police establishment bill spokesman
  • National News

Reps Committee commences consideration of revised State Police establishment bill

July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.