Wike Demands Answers on $308 Million Rivers Power Plant Sale
Minister Nyesom Wike has called for an explanation of the $308 million received from the sale of Rivers State gas turbine power stations during former Governor Rotimi Amaechi’s tenure.
In Brief
- •Minister Nyesom Wike has called for an explanation of the $308 million received from the sale of Rivers State gas turbine power stations during former Governor Rotimi Amaechi’s tenure.
- •The sale was investigated by a judicial panel that indicted Amaechi, but Wike’s legal challenge was dismissed by the High Court, Court of Appeal and Supreme Court.
- •Wike held a town‑hall meeting in Etche Local Government to question where the money went and what benefits, if any, Rivers residents received.
- •He urged voters to judge politicians by tangible outcomes, citing projects such as a university campus in Etche and local leadership appointments.
- •The controversy is framed as part of a broader push for transparency ahead of the 2027 elections.
Why It Matters
The $308 million sale of state power plants represents a significant public asset that, according to Wike, was not used for the benefit of Rivers State residents. The dispute highlights concerns over fiscal accountability and the use of public funds in Nigeria’s political landscape. It also underscores the role of judicial inquiries and court decisions in shaping political narratives and influencing voter sentiment ahead of the 2027 elections.
Key Details
- Sale Amount
- $308 million
- Sale Period
- 2007-2015 (Amaechi’s governorship)
- Court Rulings
- Dismissed by High Court, Court of Appeal, Supreme Court
- Inquiry Panel
- Investigated sale and indicted Amaechi
- Town Hall Location
- Etche Local Government, Rivers State
- Wike’s Role
- Minister of Federal Capital Territory
Context & Background
The sale of gas turbine power stations in Rivers State during former Governor Rotimi Amaechi’s tenure prompted a judicial inquiry and subsequent court challenges by Minister Nyesom Wike.
Original Reporting & Sources
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