Rivers State Government Terminates Sale Of State-Owned Power Plants


The Rivers State Government has approved the termination of the Share sale contract for the sale of 70 per cent equity of the State Government-owned power generation assets held by First Independent Power Limited in Omoku, Afam, Trans-Amadi and Eleme Gas Turbines to NG Power-HPS Limited.

The Government also terminated the concession of the Rivers and Bayelsa State-owned Olympia Hotel to Cenpropsaroten Hotel Management Limited.

it further terminated the concession agreement between the Government of Rivers State and Kild concession Limited in respect of the construction of a Toll road and Secondary developments in Abonnema Wharf, Port Harcourt.

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The terminations were part of resolutions at the State Executive Council meeting presided over by the Rivers State Governor, Nyesom Ezenwo Wike on Friday at the Government House, Port Harcourt.

The three companies that had their contracts/concessions terminated are subsidiaries of Sahara Energy Limited, used by the immediate past Rivers State Governor, Rotimi Amaechi to acquire state assets.

Briefing journalists after the State Executive Council meeting, Information and Communication Commissioner, Emma Okah said that the State Government arrived at the resolutions in line with yet to be implemented recommendations of the White Paper on the Report of the Judicial Commission of Inquiry for the Investigation of the administration of Governor Chibuike Rotimi Amaechi on the sale of Valued Assets of Rivers State and other related matters under the chairmanship of Justice George Omereji.

The Rivers State Government directed the Honourable Attorney General of the State to take further steps as contained in the White Paper.

Former Rivers Commissioner Debunks Omereji’s Report

Former Rivers Commissioner Debunks Omereji's Report

Former Commissioner of Information, Ibim Semenitari, has discredited the Justice George Omereji led panel report on the administration of former Rivers State Governor, Chibuike Amaechi.

Mrs Semenitari noted that at no time was the former governor officially invited to the judicial panel of inquiry.

The former commissioner noted that there are picking holes in the report and questioned the constitution of the Rivers State Judicial Commission of Inquiry.

Mrs Semenitari maintained that the processes of its constitution and the eventual report were flawed with irregularities.

The Rivers State Government had earlier presented a white paper demanding the immediate prosecution of former Governor Amaechi and all persons involved in what the government called fraudulent transactions.

The call was sequel to the report of the 30-day sitting of the panel which was set up to investigate the sale of state assets.


Rivers Panel Of Inquiry Indicts Former Governor Amaechi, Others

AmaechiThe Rivers State Government has presented a white paper demanding the immediate prosecution of the former Governor Rotimi Amaechi and all persons involved in what the government called fraudulent transactions.

This is following the report of the 30-day sitting of the Justice George Omeregi led Rivers State Judicial Commission of Inquiry, set up to investigate the sale of state assets.

Members of the State Executive Council presented the white paper to journalists in Port Harcourt, the Rivers State capital.

The Commissioner of Housing in Rivers State, Emma Okah, who spoke on behalf of the State Government, told journalists in Port Harcourt that the state’s Attorney-General has been mandated to start all legal processes against former governor, Mr Rotimi Amaechi; a former military administrator of Rivers State, Brigadier Anthony Ukpo (Rtd) and some other former political office holders to refund over 97 billion naira allegedly misappropriated in the sale of the state valued assets.

The Commissioner of Housing stated that the issues of illegality cannot be swept under the carpet.

“You will agree with me that the Omereji commission had several terms of references and we will be taking them one after the other. The first term of reference is to ascertain the sale of the Omoku 150 megawatts gas turbine; Afam 360 megawatts gas turbine; Trans-Amadi 136 megawatts gas turbine and the Eleme 75 megawatts gas turbine by the administration of former Governor Rotimi Amaechi.

“The commission finds as a fact that the sale of 70% equity from the First Independent Power Limited in Omoku gas turbine, Trans-Amadi gas turbine, Afam Phase I gas turbine and Eleme gas turbine, have been very difficult to justify. They have therefoe recommended the review of sale of the power assets and the government of Rivers State has accepted that recommendation.

“Refund of proceeds by Rotimi Amaechi, Chamberlain Peterside, and Augustine Nwokocha. In furtherance of this findings that the sale of the four gas turbines was unjustifiable and against the interest of the government and people of Rivers State.

“The commission recommends that the former governor of Rivers State, Rt. Hon. Rotimi Amaechi, along with his former commissioners for Finance and Power , Dr. Chamberlain Peterside and Augustine Nwokocha, respectively, should be held to account for their roles in the sales of the power generation assets of First Independent Power Limited and the disbursement of the proceeds there from.

“Government accepts this recommendation and directs the office of the Honorable Attorney-General and commissioner for Justice, to promptly set in motion the appropriate machinery for the recovery of the proceeds of the sale of the gas turbines from the former governor, Rotimi Amaechi, and every other persons implicated in the commission’s report,” he said.

However, a leader of the All Progressives Congress (APC) in the state and former Chief Of Staff Rivers State, Glory Emeh, while reacting to the development, expressed the view that the sale of the gas turbines was the right thing to do.

There are expectations that the fallout of the report of the judicial panel of inquiry would produce more controversy.