Wike cancels sale of state-owned power plants to APC gov candidate’s companies

Wike cancels sale of state-owned power plants to APC gov candidate’s companies

- The Rivers state government has terminated the sale of some of its assets to companies belonging to the APC governorship candidate

- The state government said the decisions were taken at the council meeting presided over by Governor Nyesom Wike

- The PDP-led government explained that the resolutions were in line with recommendations by the Judicial Commission of Inquiry for the Investigation of the past administration’s sale of assets

The Rivers state government says it has approved the termination of the share sale contract for 70% equity of the state-owned power generation assets.

The state commissioner for information, Emma Okah while addressing journalists after the State Executive Council meeting in Port Harcourt, said the contract held by First Independent Power Limited in Omoku, Afam, Trans-Amadi and Eleme Gas Turbines to NG Power-HPS Limited had been terminated.

The commissioner said that the government also terminated the concession of the Rivers and Bayelsa states-owned Olympia Hotel to Cenpropsaroten Hotel Management Limited.

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He stressed that the state government had also terminated the concession agreement between it and Kild concession Limited in respect of the construction of a Toll road and secondary developments at Abonnema Wharf, Port Harcourt.

Okah said the decisions were part of the resolutions taken at the council meeting, presided over by Governor Nyesom Wike at the Government House, Port Harcourt.

The commissioner said that the three companies whose contracts and concessions were terminated were subsidiaries of Sahara Energy Limited co-founded by Tonye Cole.

Cole, an ally of transport minister, recently resigned his position in Sahara Energy to contest the March 2019 governorship election in the state. He has pledged to defeat Wike who seeks re-election on the PDP platform.

The commissioner stressed that the government made the resolutions in line with recommendations of the White Paper on the Report of the Judicial Commission of Inquiry for the Investigation of the past administration’s sale of Valued Assets of the state and other related matters under the chairmanship of Justice George Omereji.

He said that the government had directed the attorney-general and commissioner for justice, Zaccheaus Adango, to take further steps as contained in the White Paper.

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Meanwhile, Legit.ng previously reported that the federal government was accused by the governor of Rivers state, Nyesom Wike, of working with security agencies to disrupt the 2019 gubernatorial elections in Rivers and Akwa Ibom states.

Speaking during a courtesy visit by the Netherlands ambassador to Nigeria, Robert Petri, Wike alleged that the federal government plans to mobilise security apparatus from all other states to the two states on a later date to manipulate their elections. In a statement by his special assistant on electronic media, Simeon Nwakaudu, the governor called on the European Union to pay closer attention to the elections in Rivers and Akwa Ibom states.

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Source: Legit

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