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N13bn Ikoyi Haul Belongs To Rivers, Wike Insists
The Rivers State Governor, Chief Nyesom Wike, has insisted that the state government will get back the N13billion recovered in an apartment in Osborne Towers, Ikoyi, Lagos State, by the Economic and Financial Crimes Commission (EFCC).
Wike said this, last Saturday while speaking on Channels Television programme, Sunrise Daily.
The governor said he has hard evidence on the loot, but would not give it out yet, so that the Federal Government would not know the state government’s moves.
He said, “the ultimatum I gave on the recovered money hasn’t elapsed. Yes, I did that, but you have lawyers working with you. They tell you; wait, we don’t want to go by the way you have said. Although I am a lawyer too, I am sitting as a governor. I am directly affected and emotionally involved.
“The so-called government has set up a committee. Let’s wait and see what the committee would say. Let’s see whether they will or will not invite the state government.
“We cannot make submissions to the committee because we don’t know where they meet; we don’t know where they sit. Everybody knows the money belongs to Rivers State. Who are all the people making contentions about the money? They are the same government. Don’t mind that the NIA’s DG was not appointed by the present government. He was in government,” he added.
Wike noted that the state government would come open with its evidence on the money at the appropriate time.
He said, “despite claims by the NIA DG, the CBN came out to say, ‘how did you get this money? We didn’t give you any money.’ Who would release such volume of dollars to a government agency and security agency? Where would it come out from? They have denied the money.
“When you are fighting powerful forces, you don’t let out your strategies. All I know is that this money belongs to Rivers, and no amount of intimidation or going to court can scare us.
“If I tell you how that money came to be ours, am I not revealing secrets to them? Everybody saw what happened, how the money (for power assets in Rivers) was paid, and given to the bureau de change. When we get to the point of the full details, everything will be open. Don’t tell us to come out with our evidence. We will come out when it is the appropriate time,” Wike said.
On developments in the Niger Delta, Wike stated that the Niger Delta Development Commission (NDDC) was working at cross purposes with the region.
He said that the NDDC politicises the process of its execution of projects which are usually abandoned, and added that the agency deliberately refuses to liaise with the states before projects are initiated.
On the PDP crisis, Wike stated that he was supporting Senator Ahmed Makarfi and that he would wait for the Supreme Court to state its position, and declared that it was very much unlikely that he would work with Ali Modu Sheriff.
He said: “It is very much unlikely that I will work with Ali Modu Sheriff. It is not possible for me to stay with Sheriff.”
The governor explained that Sheriff has no love for the PDP as he has continued to work against the party, in liaison with the APC.
The governor alleged that in Benue and Jigawa states, Sheriff has been working with APC governments to frustrate the PDP in upcoming local government elections.
On developments in Rivers State, the governor noted that his administration has entrenched state-wide execution of projects
He said projects have been initiated and executed in 22 out of the 23 local government areas of the state, adding that only Omuma Local Government Area, was yet to have a project, but now has a major road contract awarded in the area.
Wike said that his administration was developing Rivers State as a tourism destination of the country, adding that the construction of the Port Harcourt Pleasure Park was a deliberate action to promote tourism.
The governor regretted that Rivers State and other Niger Delta states were losing revenue because oil companies pay their taxes in Lagos, while they operate in the region.
On Rivers at 50, he said that the state has made tremendous progress, adding that the celebrations were designed to appreciate God for being together despite the challenges.
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
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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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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