Politics
Wike insists EFCC cannot probe the finances of Rivers State
Governor Nyesom Wike of Rivers State on Thursday insisted that the Economic and Financial Crimes Commission, EFCC, does not have the power to investigate the finances of the State.
Governor Wike stated this when he received the Managing Director designate of Zenith Bank Plc, Mr. Ebenezer Oyeagwu at the Government House, Port Harcourt.
According to the governor, the EFCC must first vacate an order of the Federal High Court that barred it from investigating the financial transactions of the state government before the anti-graft agency can launch any probe.
Read also: Okorocha kicks as judge allows PDP to be joined as co-defendant in his certificate of return suit
“EFCC has no powers to look into our financial transactions. You cannot be giving our financial transactions to the EFCC because that is illegal.
“Unless the EFCC sets aside the judgment, they have no powers to look into our financial transactions. Not that we are afraid, but due process must be followed.”
The governor also threatened to commence the necessary processes if Zenith Bank failed to obey the court judgment to ensure the right thing was done
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...