Ibom Power: Govt agrees to offset $9m debt owed Afro Exim Bank

Akwa Ibom State Government says it has reached an agreement for the payment of a $9m debt owed to Afro Exim Bank by its Power company, “Ibom Power Company.”Aniekan Umanah, the Commissioner for Information, who disclosed this at a media briefing in Uyo over the weekend, said such an initiative would salvage the ailing electricity generating company.