Political Squabble: Wike Accuses Amaechi Of Selling Off Rivers' Assets Worth Over $320m

Governor Nyesom Wike of Rivers State has declared that his predecessor Rotimi Amaechi sold off 70% of the State’s power assets worth over $320 million.

 

Wike also added that the immedate past governor looted the funds, as he met no single dollar in the state’s account on assumption of office.

 

 

Justifying why he set up a Commission of Inquiry on the activities of the past administration, he said that not only were government property looted, but that he inherited a huge debt profile.

 

“Our Power assets, 70 per cent of it, were sold at $302,400,000. The money was paid in December and as at March this year, there was no single dollar”, Wike said

 

On alleged witch-hunt by his predecessor, Chibuike Amaechi, Wike insisted that nothing can be further from the truth and that there was no evidence that the Tribunal or that the vehicles so far recovered were parting gifts or purchased by the persons from whom such vehicles were recovered.