Rotimi Amaechi Indicted In A N96 Billion Corruption Deal As Rivers Governor

The corruption case instituted by the Rivers State Government against its former governor and Nigeria’s minister of Transport, Mr. Rotimi Amaechi doesn’t look it's going away anytime soon. According to information obtained by The Trent, the report places the value of fraudulent dealings by Amaechi as governor at $400 million (N96 billion). The paper also indicts one Mr. Tonye Cole, managing director of Sahara Energy Plc, for questionably dealings with the Rivers government during Amaechi’s tenure.

Mr. Cole is named in the questionable sale of four gas turbines belonging to the Rivers State government and the 40-year concessioning deal of Olympia Hotel for the sum of $86,250 per year. In the document, Mr. Cole’s company, NG-Power HPS Limited is indicted for receiving a payment of $53 million as repayment for a non-existent loan from the Rivers State Government.

Amaechi is also indicted in the corrupt disbursement of N2 billion designated for Agric Credit loans. Amaechi has been in the news for the past seven months, ever since he left office, for alleged mismanagement of funds, abuse of executive powers, cronyism, and outright fraud during his tenure as Rivers State Governor from 2007 to 2015. His nomination as a minister under President Muhammadu Buhari’s government was almost scuttled by these allegations of abuse of office and public trust.Read Full Gist Here