UPDATED: Amaechi loses bid to stop alleged N96bn fraud probe - News Summed Up

UPDATED: Amaechi loses bid to stop alleged N96bn fraud probe


Amaechi’s suit at the High Court of Rivers State and Court of Appeal had earlier been dismissed prompting his case at the Supreme Court. He is seeking to stop a probe into the alleged N96 billion sale of assets belonging to Rivers State. The incumbent Governor Nyesom Wike had constituted a seven-man probe panel to probe Amaechi over the sale of assets. The listed valuable assets are Omoku Gas Turbine, Afam Gas Turbine, Trans Amadi Gas Turbine, Eleme Gas Turbine, Olympia Hotel, and the award of contract for the execution of monorail project. The court also ordered Amaechi to face the probe panel that was set up by the Rivers state government to investigate his 8-year tenure as governor of the state.


Source: Punch May 28, 2022 00:22 UTC



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