Amaechi spent N53bn from N55bn Reserve Fund – Panel
The Rivers State Judicial Commission of Inquiry on
Wednesday submitted its report to the State Governor,
Nyesom Wike, with an appeal to him to recover stolen funds
belonging to the people, including the sum of N53 billion
taken from the State Reserve Fund.
The commission was set up by Wike to investigate the sale
of valued assets belonging to the state by the Rotimi
Chairman of the commission, Justice George Omereji,
suggested that the state governor should swing into action
and ensure that billions of Naira belonging to the state
stashed away in some places were returned while those
found culpable should be prosecuted.
panel’s report, disclosed that investigation had revealed that
the immediate past administration in the state had removed
N53 billion from the N55 billion left in the State Reserve
Fund between 2014 and May 2015.
He explained that the commission could not find any project
linked to the withdrawal of the N53billion from the state
reserve fund and added that the money was shared among
cronies of the past administration.
Describing the task given to the panel as enormous, Omereji
also disclosed that the immediate past administration could
not actualise the building of the Justice Karibi Whyte
Hospital, even when a huge amount of money had been paid
to contractors for the project.
Reserve Fund. Between 2014 and May 2015, they
(immediate past administration) were able to remove N53
billion and we found out that the money (N53 billion) was
not used for the projects in the state. The money went to
individuals. From the papers submitted to us, we also found
out that the money was given to people they like.
“We went to the site of the Justice Karibi Whyte Hospital, we
did not see anything at all. When I told the project
contractor to come with us (panel) to the place, he said
snakes would bite us.
“But I insisted that we should go there. Behold, by the time
we went inside, we did not see anything. The whole billions
of Naira given to the man cannot be accounted for. We have
recommended that those found culpable should refund the
money. We even recommended that some people should be
“I don’t want to tell you those that will be prosecuted. It is
not good for me to reveal the content of the
recommendations now because we have just submitted our
Earlier, Omereji had informed the governor that 27
memoranda and 142 exhibits were received by the
commission and added that 25 witness testified before the
“We hope that the government will act fast and by the time
the government looks into this report and act fast, it will be
able to recover billions that are still stashed in where they
“That money belongs to Rivers people and they should be
recovered so that we can use it for the people of Rivers
State,” Omereji insisted.
He, however, thanked Wike for giving him and members of
the panel the opportunity to serve the state, promising to be
available to serve whenever the need arises.
Responding, the state governor vowed to implement the
recommendations of the Omereji-led panel and maintained
that his administration would not be intimidated by any
person or group of persons.