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Why FG Is Shielding Amaechi From Prosecution – Wike …Restates RSG’s Ownership Of Seized Ikoyi Cash

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Rivers State Governor, Chief Nyesom Wike has berated former Rivers State Governor, Chibuike Rotimi Amaechi, for superintending over a vicious insecure system that led to the assassination  of prominent  Rivers indigenes.
Wike further declared that the Federal Government  was shielding Amaechi from prosecution because the  former governor  financed  the 2015 general elections for the APC.
The governor also stated  that the failure of the former governor to fund the  operation  of  security agencies for over six months during his second term  contributed to the  degeneration of security in the  state.
Speaking yesterday,  during a special  appearance on Channels Television Sunrise Programme, Wike pointed out that the former governor’s  closure of courts for two years negatively  affected security  in the state as security agencies were overwhelmed by the challenges  of managing  suspects, while Rivers people were denied avenues to ventilate their grievances.
He said: “It was under Amaechi  that  I was almost assassinated, when I was his Chief of staff. Under him, Ignatius Ajuru was assassinated, Charles Nsiegbe was assassinated. Yet, he says the state is not as secure as it was during his term. The courts were shut down for two years. No despotic leader in the world had ever shut down courts. Amaechi  entered  the Guinness book of records for this  notorious act of denying people  access to justice.
The governor stated that: “Justices came to say that Amaechi came to procure judgment.  If it is a Federal Government that is sincere, they will not want  to do anything with Amaechi.
“In APC, once they lose a case, they berate the  judiciary.  It is only when they win that they praise the judiciary “.
The governor added: “Amaechi used part of the $309 million proceeds of the Rivers State Gas Turbine sale to fund the APC, which is why the party rallies around him to shield him from prosecution in spite of his several indictments.
“The Presidential Panel has not invited us to substantiate our ownership of the Ikoyi billions and hasn’t released the report as well. So, we are waiting for that before taking our next steps.”
On Rivers State Golden Jubilee, he said the celebration was a huge success.
He said: “After the successful completion of the Rivers Golden Jubilee, we look forward to attracting an investment of $300 million into the state in the next three years.
“We used the Rivers Golden Jubilee to showcase the state as a tourist haven and conducive for business. We also honoured foreigners who believed in us and invested in the state.”
The governor said that the extant law which stipulated that all former governors were entitled to the state award was the reason why Amaechi was nominated.
“The Rivers State Honours Law was created by the Odili Government and every former governor was expected to receive an award. It was the basis for considering Amaechi for such, irrespective of public outcry. But the recipient rejected it as a poisoned chalice taking away the moral burden on the state. The law is now being amended to ensure its merit is emphasized”, he said.
Wike emphasised  his call for true federalism where federating units will have control of their resources.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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