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Wike Floors Amaechi At Appeal Court …Over Legality Of Judicial Commission Of Inquiry …PDP Hails Judgement
The Court of Appeal, Port Harcourt Division, has upheld the legality of the Judicial Commission of Inquiry established by Rivers State Governor, Chief Nyesom Wike, to probe the sale of valued assets by the immediate past administration of Chibuike Rotimi Amaechi in the state.
The Appeal Court, in a lead judgment by Justice O.F. Omoleye, also held that the Rivers State House of Assembly has the power to make the Commission of Inquiry Law ( CAP 30) under which Wike established the Judicial Commission of Inquiry.
Delivering judgment on Suit Number CA/PH/342/2015, the court, in a unanimous decision, dismissed the appeal filed by former governor, Chibuike Rotimi Amaechi, challenging the constitution of the Judicial Commission of Inquiry.
The court held that Justice Simeon Amadi of the Rivers State High Court was right when he ruled that the Judicial Commission of Inquiry had the power to sit and make recommendations.
The Court of Appeal ruled that anybody who holds public office should be ready to be accountable to the people, even after leaving office.
The Appeal Court, however, resolved that Amaechi has the locus standi to file the suit, since it had to probe his administration.
Addressing journalists after the judgment, counsel to the Rivers State Governor, Mr Dejo Laminkara (SAN), said that the Appeal Court, by its decision, stressed that the law for the establishment of the Judicial Commission of Inquiry remains valid.
Also speaking, Attorney-General of Rivers State, Emmanuel Aguma (SAN), stated that the implication of the judgment was that the recommendations of the Judicial Commission of Inquiry are valid, and can be implemented.
He expressed satisfaction that the Court of Appeal held that the Judicial Commission of Inquiry was validly constituted.
The Court of Appeal panel that ruled on the matter include: Justice O.F. Omoleye (presiding), Justice J.S. Abiriyi and Justice S.T. Hussaini.
The judgment lasted for 3 hours, 30 minutes.
Delivering judgment on Suit Number PHC/187/15 filed by the former governor, Justice Amadi had declared that the Judicial Commission of Inquiry was not established to investigate the personal activities of the former governor, but set up to investigate previous actions of government as they affect the people of Rivers State.
He ruled that Governor Nyesom Wike, by the provisions of the law, was empowered to establish the Judicial Commission of Inquiry to investigate previous actions of government.
According to him, there was no law preventing a state government from finding out how her resources were expended.
He declared that former governor Chibuike Rotimi Amaechi cannot disburse and expend funds of the Rivers State Government, and turn around to claim that such powers belong to the National Assembly.
On the claim by the former governor that the 30–day set aside for the sitting of the Judicial Commission of Inquiry will deny him fair hearing, the court held the days set aside had not breached Amaechi’s right to fair hearing.
The court noted that the former governor has not filed a memorandum before the commission and has not appeared before it, hence, he cannot complain that he was not given fair hearing.
Amadi said that the 30–day set aside was not sacrosanct, hence it could be extended.
The court further held that the suit by the former governor was speculative as he failed to prove the injuries that he has suffered because of the setting up of the Judicial Commission of Inquiry.
Amadi held that contrary to Amaechi’s claims, the terms of reference of the Judicial Commission of Inquiry did not accuse the former governor of crime, neither is the former governor on trial.
Amadi declared: “The Judiciary is not only the last hope of the common man, but it is also the last hope of the mighty and movers and shakers of democracy.
“Those, who by the benevolence of the Judiciary, got to power, should resist the temptation to emasculate the Judiciary”.
Mean while, the Chairman, Rivers State chapter of the Peoples Democratic Party (PDP), Bro Felix Obuah, has praised the judgment by the Court of Appeal in Port Harcourt, upholding the legality of the Judicial Commission of Inquiry set up by the Rivers State Governor, Chief Nyesom Wike, to probe the unlawful sale of valued assets and looting of Rivers treasury by the former governor, Chibuie Rotimi Amaechi.
Obuah, said that with the judgement, Amaechi would no longer evade justice, and would now be accountable to the people of the state after leaving office.
He said it would have amounted to gross injustice and subversion of Rivers peoples’ rights, if Chibuike Rotimi Amaechi was allowed to go without being probed after the huge looting, misappropriation of public funds and reckless sale of valued state assets by his administration.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
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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Fubara Redeploys Green As Commissioner For Justice
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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