22/09/2025
Rivers House of Assembly Moves to Probe State’s Finances During Six-Month Emergency Rule
PORT HARCOURT – A fresh political storm is brewing in Rivers State as the House of Assembly moves to probe the state’s finances during the six-month emergency rule overseen by Vice Admiral Ibok-Ete Ibas (retd.), the immediate past Sole Administrator of the state.
Ibas relinquished office on September 17, 2025, following the expiration of emergency rule declared by President Bola Tinubu in March. The President had suspended Governor Siminalayi Fubara, his deputy Ngozi Odu, and the entire Assembly after months of political unrest that paralysed governance in the state.
With the return of democratic structures, the Rivers Assembly, under Speaker Martin Amaewhule, wasted no time in reopening the books. At its first plenary session after resumption, the lawmakers resolved to investigate how state funds were managed during Ibas’s administration, particularly withdrawals from the consolidated revenue fund and the award of contracts.
Rivers’ N254bn Windfall
Findings by NEWS REVIEW revealed that between March and August 2025, Rivers State received a staggering N254.37bn from the Federation Account Allocation Committee (FAAC), averaging N42.40bn monthly.
Data from the National Bureau of Statistics and FAAC documents show the state earned N44.66bn in March, N44.42bn in April, N42.80bn in May, N42.30bn in June, N38.42bn in July, and N41.76bn in August.
A breakdown revealed that the 13% oil derivation fund was the single largest source of revenue, contributing N133.24bn. Over half of total receipts. In contrast, statutory allocations were far lower, with derivation funds in some months nearly five times the statutory share.
The report also showed Rivers lost N26.31bn to foreign debt servicing during the six months, while VAT allocations provided a cushion of N107.78bn, representing 42.4% of total inflows.
Despite these huge allocations, the state has not published its 2025 Budget Implementation Report, raising concerns over transparency and accountability.
Civil Society Raises Alarm
Civil Society Organisations (CSOs) in the state have demanded answers. The Coalition of Civil Society Organisations, led by Enefaa Georgewill, insisted that the Ibas administration operated illegally and mismanaged state funds.
Georgewill argued that major projects, including the stalled Rivers State House of Assembly complex remained abandoned despite the huge inflows. He called on Governor Fubara to set up a judicial panel of inquiry to probe both federal allocations and internally generated revenue during the emergency rule.
Similarly, the Civil Liberties Organisation in Rivers, represented by Emma Obe, condemned the emergency administration as unconstitutional, stressing that the 2025 budget was passed without public hearings. Obe insisted that those who spent public funds without accountability “must pay, if not today, then in the future.”
Ibas Dismisses Probe
Reacting through his media aide, Hector Igbikiowubu, Ibas dismissed the Assembly’s planned probe as a “fool’s errand.”
He argued that since he was appointed by President Tinubu and supervised by the National Assembly, the Rivers lawmakers lacked the authority to question his tenure.
“When you say they are going to probe the tenure of the administrator, was it the Assembly that appointed him?” Igbikiowubu queried. “If the administrator was appointed by the President and supervised by the National Assembly, then probing him is the same as probing both the President and the National Assembly.”
He maintained that while the Assembly is free to “run commentary” as part of its legislative role, any attempt to investigate Ibas would be futile.
Fubara Calls for Prayers, Peace
Meanwhile, Governor Fubara, who officially resumed duties after the emergency rule, urged Rivers people to remain steadfast in prayers. Speaking at a thanksgiving service in his hometown, Opobo, the governor said the prayers of the people had sustained him through the political crisis.
He pledged to rededicate his administration to peace, unity, and development, stressing that only stability could drive progress in the oil-rich state.
What Lies Ahead
The standoff between the Assembly and the former administrator sets the stage for a potential showdown that could again heat up Rivers politics. With civil society mounting pressure for accountability and Ibas refusing to submit to legislative scrutiny, the coming weeks may determine whether Rivers will see full transparency or another drawn-out battle over its finances.
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