News
Rivers State Begins Prosecution Of Amaechi Over $50m Fraud
Former Minister of Transportation, Rotimi Amaechi is in more trouble as the Rivers State government has finally slammed a nine-count charge of stealing, cheating and conspiracy on him.
In a suit marked PHC/CR/2022, filed on the 7th of June, the Nyesom Wike led Rivers State also listed the Governorship candidate of the All Progressive Congress (APC), Tonye Cole, Sir Augustine Wokocha, Dr Chamberlin Peterside, Sahara Energy Resources Limited, NG Power-HPS Limited and Cenpropsaroten Hotel Management as the former governor’s co-defendants.
According to the statement in the charge sheet signed by C.F. Amadi, the Director of Public Prosecution for the Attorney-General of Rivers State, in count one, the state said Amaechi and his co-defendants “sometime between 2011 and 2012 at Port Harcourt within the Port Harcourt Division of the High Court of Rivers State did conspire among yourselves to commit felony to stealing the sum of $274,563,599.59USD”.
The document said the money was a proceed from the sale of 70% equity held by the Rivers State Government in the power generation asset at Omoku Gas Turbine, Eleme Gas Turbine and Afam Gas Turbine Phase 1to NG Power-HPS Limited.
In Count two, the state alleged that Amaechi and his co-defendants within the same period “stole the same amount of money being proceeds from the sale of 70% equity belonging to her in the power generation assets at Omoku, Trans-Amadi, Eleme and Afam Gas turbines.
The state in count three said Sahara Resources Limited, NG Powers-HPS Limited within the same period with intent to cheat agreed to purchase from Rivers State Government 70% equity held by the state in the power generation assets in the four turbines in the sum of $302,960,000USD.
The state said the companies actually took possession, management and control of the said power generation assets upon payment of the initial sum of $274,563,599.59USD, but refused to pay the outstanding balance of $28,400,000USD due to the state.
In the count four, the state alleged that Amaechi and his co-defendants within 2011 and 2012 conspired by fraudulent means to affect the market price of the four power generation assets of Rivers State.
She said the defendants offered the assets for sale exclusively to Sahara Energy Resources Limited, NG Power-HPS Limited (subsidiary of Sahara Energy Resources Limited) and Tonye Cole (Director) instead of by means of open competitive bidding prescribed under section 52 (3) of Rivers State public procurement law number 4 of 2008.
The state further in count five alleged that Amaechi, Sahara Energy, Cenpropsaroten Hotel Management and Cole within the same period “did conspired by fraudulent means to affect the market price of Olympia Hotel, Port Harcourt by offering the said Olympia Hotel, Port Harcourt for concession exclusively to Sahara Energy Resources Limited and Cenpropsaroten Hotel Management (subsidiary of Sahara Energy Resources Limited) and Tonye Cole (Director) instead of by means of open competitive bidding prescribed under section 60 (1) of Rivers State Public Private Participation in Infrastructure Development Law number 5 of 2009.
Rivers also in count six accused Amaechi, Sahara Energy, Cenpropsaroten Hotel Management and Cole of conspired among themselves to commit felony by stealing $1million being concession fee the defending companies paid to Rivers State Government for the concession of Olympia Hotel for a period of 40 years.
The state in count eight alleged that Amaechi and Sahara Energy about December 1, 2014 conspired among themselves to commit felony by stealing the sum of $53,095,602.05USD from Rivers State USD account number 006489429 with Access Bank, Bank road Branch, Port Harcourt.
The offence were said to be contrary to section 421, 422, 516A and 383 of the Criminal Code Law, Law of Rivers State of Nigeria, 1999.
Credit: The Street Journal
Events
Insiders Revealed, Omoge Saida To Marry Billionaire Lover This December
The social scene is already heating up as insiders reveal that popular lifestyle personality,Saidat Aralamo Asabi Balogun popularly known as Omoge Saida, is set to marry her billionaire lover in December — a development that has sent whispers of excitement across London, Lagos and Abuja high society.
According to those close to the stylish socialite, preparations for the much-anticipated ceremony are already underway, with talks suggesting it will be an exclusive, invitation-only affair.
Sources hint that the billionaire, a discreet yet powerful business magnate, has decided to make their relationship formal, in what many tagged a face saving situation from the nude video scandal.
Friends of Saida describe her as glowing, excited as she prepares for what many say is the beginning of a new, lavish chapter in her life.
Details remain tightly guarded, but insiders insist December is locked in — and if the early buzz is anything to go by, Omoge Saida’s wedding may well be one of the biggest society moments of the festive season.
News
All The Shocking Details As PDP Declares Adedamola Osun Flagbearer, Beats Gov Adeleke in Tense Primary
In a dramatic twist that has sent shockwaves through Osun’s political landscape, the Peoples Democratic Party (PDP) has declared Hon. Adebayo Adedamola as its governorship flagbearer after a fiercely contested primary that saw him defeat incumbent Governor Ademola Adeleke.
The keenly watched primary, held amid heavy security and intense party interest, drew party delegates from across the state. What many expected to be a smooth victory for the governor turned into a tightly fought race, with Fryo gaining momentum during delegate consultations and strategic bloc alignments.
According to party officials, Fryo clinched the majority of valid votes after what they described as a transparent, credible, and highly competitive exercise. His supporters erupted in celebration as the final tally was announced, chanting solidarity songs and hailing what they called “a new direction for Osun PDP.”
Adedamola, popularlcy called Fryo is said to be a close ally of APC stalwart, Iyiola Omisore. Fryo was among the people arrested over the killing of late Attorney General, Chief Bola Ige.
Political analysts say the upset signals a significant shift within the party’s power structure, as the result reflects growing agitation for fresh leadership and a repositioning of the party’s influence across local government blocs.
Governor Adeleke, who had sought the party’s ticket to secure a second term, was said to have congratulated Fryo in a closed-door exchange, though members of his camp are still digesting the unexpected outcome.
Fryo, in his acceptance speech, promised to unify the party, consolidate on its achievements, and present a formidable front ahead of the general elections. He described his victory as “a mandate for renewal” and urged party faithful to rally behind him for what he termed the decisive battle ahead.
With this development, all eyes are now on how the PDP navigates the post-primary atmosphere and prepares for a heated governorship election season in Osun State.
Business
Tunde Ednut Earns $5,000 Per Day! -Report
-
News3 years agoObat’s Son, Femi Akinruntan To Marry Ooni’s Ex-Wife, Queen Naomi
-
News3 years agoTrumpeters Church Overseer, Oludare Dies
-
News2 years agoFIRS Topshot, Aminat Oluwa Finds Love Again (details of her romance with First Bank MD, Adeduntan)
-
News2 years ago‘I’m just a common domestic staff to Tinubu’ Toyin Subair Gives Insight Into His Work As President’s SSA
-
Politics3 years ago‘thank you Mr President’ Akpabio, Family Visit Tinubu
-
Fashion3 years ago‘why I married the Ooni of Ife’ -Ronke Ademiluyi
-
News10 months agoAjimobi’s Eldest Child, Bisola Dies In The UK
-
Business2 years agoIfe Grand Resort; An Affordable Luxury In The Heart Of The Southwest

