Amaechi sold Rivers’ asset to fund APC, Buhari – Tonye Princewill


The governorship candidate of the Labour Party, LP, in Rivers State, Tonye Princewill, has accused Governor Rotimi Amaechi of selling the state’s assets to an indigenous oil company, Sahara Energy, and using the fund that accrued from the sale to finance the activities of the All Progressives Congress, APC.

Assets such as Olympia Hotel, Abonemma Wharf, Risonpalm and the power generating stations in the state were sold to Sahara Energy.

Mr. Princewill alleged that the over $800 million realized from the sale of the assets was never lodged into the coffers of the state government.

“Money changed hands but the accounts they entered were not necessarily Rivers state government’s officially operated accounts,” he said.

He also alleged that there is no evidence of competitive tendering, independent valuation or a transparency in the entire process, arguing that the “Rivers people cannot be sure they got a good deal”.

“In one instance approximately $400 million changed hands over an asset that could easily be worth twice that. Why the secrecy?” he said.
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EFCC will never notice that... The 'progressives' are immune against efcc probe

Breeze wan blow fowl yansh open ..

Sit down and ask yourself this question ..

..How did APC fund their campaign ..

Very soon, they will label princewill ..'Wailer'

That's the cost of change.

Wike should revoke the sales and let buyer demand his money from seller.

dunkem21:
Breeze wan blow fowl yansh open ..

Sit down and ask yourself this question ..

..How did APC fund their campaign ..

Very soon, they will label princewill ..'Wailer'

how did pdp fund their own campaign? dem sweat for the moni?

Amechi was so engrossed at seeing the ouster of GEJ at all cost. And that he did to the detriment of his own people.

Nemesis will catch up with the judas of Ubima

mex551:
Nemesis will catch up with the judas of Ubima

And very soon. Very soon.

Rivers-amechi rivers-apc rivers-tinubu Abeg mek ah hear word!

Amechi I know of won't come clean. I grade him as a smart crook who claims he doesn't like money and women while some of his sexcapdes are known in dublin.

EFCC should also invite him. All this probing will overwhelm EFCC. Give the masses all names and let the masses hunt em down.

Princewill needs to stop running his mouth abeg