₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,328,220 members, 8,434,688 topics. Date: Saturday, 27 June 2026 at 07:18 AM

Toggle theme

N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsN2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris (12641 Views)

1 2 3 4 Reply (Go Down)

N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by TimeManager(op): 5:11pm On Apr 17, 2025
Rivers State’s business landscape is facing a staggering financial blow fol­lowing the Nigerian Bar Association’s (NBA) decision to relocate its 2025 An­nual General Conference (AGC) from Port Harcourt to Enugu.

The switch, prompted by the po­litical instability rocking the state, is estimated to cost the economy a jaw-dropping N2.6 billion.

The NBA cited the “absence of democratic governance” and the im­position of a state of emergency as reasons for the move.

Initially, Port Harcourt had been se­lected to host the six-day conference, which was expected to draw over 16,000 lawyers from across the country, an event that would have been a major economic boost for the state.

Now, hotel owners, transporters, restaurant operators, market trad­ers, and nightlife businesses are left licking their wounds. According to analysts, hotel bookings alone could have fetched N1.4 billion. Food vendors stood to rake in N576 million, nightlife activities were projected at N300 mil­lion, transportation at N62 million, and market vendors were looking at about N200 million. And that’s excluding the multiplier effect on other service pro­viders.

This economic setback follows Pres­ident Bola Ahmed Tinubu’s March 18, 2025, declaration of a state of emergen­cy in Rivers State, which led to the sus­pension of Governor Siminalayi Fuba­ra, his deputy Prof. Ngozi Odu, and all State Assembly members. Vice Admi­ral Ibok Ete Ekwe Ibas was appointed as the state’s sole administrator.

The NBA didn’t mince words, con­demning the appointment of a sole ad­ministrator to run the state—a move it said undermines the rule of law and tramples on democratic institutions. In an emergency meeting, the NBA’s National Executive Council main­tained that the president’s actions vi­olated Sections 305, 11, and 188 of the 1999 Constitution and that hosting the AGC in Port Harcourt under such conditions would amount to endorsing constitutional violations.

“Port Harcourt is no longer a jus­tifiable venue for the 2025 AGC,” the NBA said in a statement. “To hold our flagship event there would be a tacit ap­proval of unconstitutional governance and a breach of our core values.”

The association instead chose Enugu, a city it believes still operates within the bounds of constitutional democracy, as the new host for the conference, assuring its members of a successful and impactful event.

However, the NBA’s decision has triggered sharp criticism from the Minister of the Federal Capital Ter­ritory, Nyesom Wike, a key political player in Rivers State.

Wike accused the NBA of hypocri­sy and claimed their opposition to the emergency declaration was financially motivated, noting that Rivers State had earlier pledged to fund the conference.

Speaking during a visit from the Body of Benchers, Wike said: “What kind of hypocrisy is this?” He called on the Body of Benchers to rein in the NBA, accusing some of its members of hasty and public condemnation of court judgments they barely under­stand.
https://independent.ng/n2-6bn-gone-rivers-businesses-count-losses-as-nba-pulls-out-over-political-crisis/

Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by tamonokare: 5:12pm On Apr 17, 2025
Ok
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by TimeManager(op): 5:20pm On Apr 17, 2025
The hypocrisy of the NBA is the fact that they're not really interested in fighting the constitutionality or otherwise of the SOE, rather they're more interested in their own stomach infrastructure. They know that if after collecting N300million from Fubara and then go ahead with the conference without putting on an appearance that looks like they are fighting for the man that gave them the money, when Fubara finally comes back, their food shop will close automatically. Knowing that Rivers State is the biggest sponsor of NBA conference since the time of Wike. NBA is playing a common sense game, how would they support a man that will be around for only six months as against a man that will be there four atleast four years, when they can always come get the cookie jar from Fubara anyday anytime.



-Kiss the truth!
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by yarimo(m): 5:52pm On Apr 17, 2025
That was the reason rivers state government gave #300 millions to NBA to host it in Port Harcourt, since NBA decided to hold it in another state why can't they refund the money back to rivers state government?
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by RichBoy247: 5:52pm On Apr 17, 2025
Werey Pipu, 2.6 billion ko, 2.6 Trillion ni
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by helinues:
Cheap blackmailing . The Enugu where the conference was held, how much did they generate for the conference?

NBA should refund the N300m gift
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by Bobloco: 6:23pm On Apr 17, 2025
yarimo:
That was the reason rivers state government gave #300 millions to NBA to host it in Port Harcourt, since NBA decided to hold it in another state why can't they refund the money back to rivers state government?
Go to court
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by Bobloco: 6:27pm On Apr 17, 2025
helinues:
Cheap blackmailing . The Enugu which the conference was held, how much did they generate for the conference?

NBA should refund the N300m gift
Go to court
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by stanluiz(m): 7:56pm On Apr 17, 2025
Another man loss is another man's gain.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by bigdammyj: 9:19pm On Apr 17, 2025
Noted.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by showboy2301: 9:19pm On Apr 17, 2025
Propaganda don start, Una no wan refund 300 million 😆😆😆. The reason many Nigerians are complaining is because they are not the one stealing the money, if they were the one we won't hear any thing. See Una role models.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by Ablesam171: 9:19pm On Apr 17, 2025
NBA reserve the right to protest by taking her conference to somewhere else so let River state count her losses.
For those that are saying that NBA should refund of the monetary gift by Rivers state government, I want to ask a question, did NBA approach Rivers state government for money for the hosting right of the conference? If no, they (NBA) are not obligated to refund the money.
The mata be Just like boyfriend and girlfriend mata, no spend wetin go pain you if person break your heart. If you give your babe or bobo gifts and dem still cheat or marry another person, na laugh dem go dey laugh you if you tell dem to pay you wetin you spend for their head.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by Jerixcon:
The Nigerian president suspended a state governor, then went on vacation. Talk about the height of Irresponsibility.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by DeltaBachelor(m): 9:21pm On Apr 17, 2025
Okay
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by WhizdomXX(m): 9:21pm On Apr 17, 2025
Na rivers food business I pity pass. No one to eat their bole and fish.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by Dpaulie(m): 9:21pm On Apr 17, 2025
NBA did well
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by Kaybaba5(m): 9:22pm On Apr 17, 2025
2.6bn gone......... Just like that
Incredible
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by Kobolander: 9:22pm On Apr 17, 2025
River State the Cashcow
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by shivisee: 9:23pm On Apr 17, 2025
This country is funny?? Abeg, Nigerias demand to know how NBA spend the money even if they feel they should not return it, what’s the motive behind the gift?? So any government can just dash any organisation money at the expense of the populace?? We need to be reconolized!
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by NothingDoMe: 9:25pm On Apr 17, 2025
lol. Lagos Ibadan expressway media don face Rivers State. 🤣
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by AndroBlaze: 9:26pm On Apr 17, 2025
Oloshos.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by NtoAkwaIbom(m): 9:26pm On Apr 17, 2025
It's actually very dishonourable and shameful for a prestigious body like the NBA.

Saint Fubara, personally pulled down an arm of government all on his own, and then sacked every person not singing his tone... NBA was very very silent..

Devil Tinubu, now followed the position of the law as enshrined in the constitution, to impose a SOE and then gazetted it, and also got ratification from the senate....

The NBA now woke up to see illegality...
And now backed a guy who personally pulled down an arm of government.. against a constitutionally backed Sole Administrator.


You guys stink, 300m can get NBA to turn to praise singers... What a blow to the prestigious legal profession, 300m was the price all Nigerian lawyers were worth in year 2025
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by jamafa: 9:26pm On Apr 17, 2025
Septigen:
The worst president of all time is Tinubu
Watin concern Tinubu with DX??

Nah em give them 300M??
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by authority2006(m): 9:27pm On Apr 17, 2025
And the Association of thieves still insist that they won't return the money
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by BondRiv: 9:29pm On Apr 17, 2025
NBA benefitted from Fubara's lawlessness by accepting that unappropriated sum. Shame! Return it.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by BondRiv: 9:30pm On Apr 17, 2025
authority2006:
And the Association of thieves still insist that they won't return the money
It is not an association of thieves. Not all members are in support of this hypocritical position of the leadership of the NBA.
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by authority2006(m): 9:32pm On Apr 17, 2025
Bobloco:
Go to court
Normal. Best course of action
Re: N2.6bn Gone: Rivers Businesses Count Losses As NBA Pulls Out Over Political Cris by badoh(m): 9:32pm On Apr 17, 2025
Septigen:
The worst president of all time is Tinubu
Who is talking about Tinubu here? Make una deh use your sense to comment now. NBA is being dragged for illegally receiving funds from the govt which is against their ethics and you're here spilling rubbish about Tinubu. Some of you are just hypocrites who doesn't have convictions. How's the NBA different from govt officials stealing public funds? Was there any appropriation for the N300m received from the River State govt?
1 2 3 4 Reply

Mazi Afam Osigwe Sworn In As NBA PresidentBauchi State NBA Pulls Out Of Conference Over El-Rufai's TreatmentAdeola Samuel-Ilori: Controversy As NBA Disowns Lagos Lawyer And Critic234

Punishment Awaits Corrupt People – Atiku Hints On 2027 PresidencyTinubu Media Office Warns Against Foul Media ReportsElection 2019: Nigeria’s Emerging Political Leaders - Reuben Abati