The Rivers State Government says
it has approved the termination of the share sale contract for 70 per cent
equity of the state-owned power generation assets.
The state government also
admitted that the companies whose contracts were cancelled were linked to
Sahara Energy, whose co-owner Tonye Cole is the opposition governorship
candidate in the state.
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 State owned
Olympia Hotel to Cenpropsaroten Hotel Management Limited.
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.
Mr 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 Rivers information
commissioner said that the three companies whose contracts and concessions were
terminated, were subsidiaries of Sahara Energy Limited.
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.
Mr 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 Mr Wike
who seeks re-election on the PDP platform.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com