How Gov Amaechi Stole $300 Million Rivers’ Interest In 4 Power Plants

How Gov Amaechi Stole $300 Million Rivers’ Interest In 4 Power Plants

By Sheryl Sanni | Staff Reporter on June 23, 2015
Port Harcourt EFCC Rotimi Amaechi Rivers State APC Nigeria Corruption White Paper
Nigeria's Minister of Transportation, Rotimi Amaechi

Former Rivers State governor, Rotimi Amaechi, has been accused of mischief by the state government in his claims that the incumbent governor, Nyesom Wike’s probe into his administration is a witchhunt.

The state’s commissioner for Housing, Emma Okah, in a statement released on Monday, June 22, 2015 explained that since Amaechi claims to be innocent, he should therefore not fret about the probe further revealing that Amaechi sold off 70% of the state’s interest in four power plants without the money being properly documented.

Okah said: “There is nothing wrong or immoral for an administration that received and managed on behalf of the people of Rivers State to explain some of its actions suspected to be fraudulent. The people have the right to know.

“The Wike administration is merely protecting the people’s interest by inquiring into how public resources were wasted or misappropriated by the past administration and every lover of democracy and rule of law should not complain, blackmail the state government or divert attention from that.

“The simple thing Amaechi needs to do, if invited by any commission of enquiry, is to state his side of the story and tender documents to buttress his case. There is nothing to fear if his hands are clean.

“Is it proper for Amaechi to sell off 70 percent of Rivers State Government interests in the state’s four power stations (Eleme, Omoku, Afam and Trans Amadi, Port Harcourt) at the cost of $302.400 million and the entire money was withdrawn between December 2014 and April 2015 without any document of transaction or payment into any government account. Who owns the Bureau de Change company that received the money and who authorised the receipt and where is the money?”


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