• Latest
  • Trending
Insecurity: Wike , Amaechi In Exchange Of Words Again

River Govt Charges Amaechi, 5 Others With Stealing, Conspiracy

June 20, 2022
PPMC fixes petrol ex-depot price at N138.62 per litre

Dangote Refinery reduces petrol price to N1,200/litre

April 8, 2026
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Court Remands Housewife for Allegedly killing her 3-day-old Stepson

April 8, 2026
EFCC Arrests One for Naira Mutilation in Maiduguri

EFCC Arrests One for Naira Mutilation in Maiduguri

April 8, 2026

Iran Confirms two-week ceasefire

April 8, 2026
Trump Reacts To Acquittal, Lauds Legal Team For Upholding Justice

Ceasefire deal: Trump Agrees To Suspend Bombing Of Iran For Two Weeks

April 8, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
Guber Polls: My Victory Is God’s Will- Bala Mohammed

Bauchi APC caucus rejects Bala Mohammed’s defection move

April 8, 2026
5 Corp Members Die In Abaji Road Accident, President Buhari Pays Tribute

NYSC Releases schedule for 2026 Batch ‘A’ Stream II Orientation Course

April 8, 2026
Save Democracy: Atiku, Amaechi, Aregbesola, Kwankwaso, Obi lead protest

Save Democracy: Atiku, Amaechi, Aregbesola, Kwankwaso, Obi lead protest

April 8, 2026
Gov Mutfwang suspends mining activities in Plateau

Plateau Govt Relaxes Curfew in Jos North

April 8, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Thursday, April 9, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

River Govt Charges Amaechi, 5 Others With Stealing, Conspiracy

by Present Nigeria
June 20, 2022
in News
0
Insecurity: Wike , Amaechi In Exchange Of Words Again
27
SHARES
54
VIEWS
FacebookTwitterWhatsappTelegram

Rivers State has finally slammed nine-count of stealing, cheating and conspiracy on former Governor Rotimi Amaechi in an audacious move to begin the prosecution of the immediate Minister of Transport.

The Suit which listed the All Progressives Congress (APC), Governorship candidate in Rivers, Tonye Cole, five others was filed at the Port Harcourt High Court for allegedly conspiring to steal the sum of $274, 563, 599 accruable from the sale of the state assets.

RelatedPosts

Dangote Refinery reduces petrol price to N1,200/litre

Court Remands Housewife for Allegedly killing her 3-day-old Stepson

EFCC Arrests One for Naira Mutilation in Maiduguri

Others included in the suit marked PHC/1818/CR/2022, filed on June 7 also listed Dr. Chamberlain Peterside, Sir. Augustine Wokocha, Sahara Energy Resources Limited, NG Power-HpS Limited and Cenpropsaroten Management Limited as Amaechi’s co-defendants.

In the statement of offence count one the State said Amaechi and his co-defendants “sometime between 2011 and 2012 at Port Harcourt within the Port Harcourt Division of the High Court of Rivers State did conspire among yourselves to commit felony to stealing the sum of $274,563,599.59USD”.

The document said the money was a proceed from the sale of 70 per cent equity held by the Rivers State Government in the power generation asset at Omoku Gas Turbine, Eleme Gas Turbine and Afam Gas Turbine Phase 1 to NG Powers-HPS Limited.

In count two, the state alleged that Amaechi and his co-defendants within the same period “stole the same amount of money being proceeds from the sale of 70 per cent equity belonging to her in the power generation assets at Omoku, Trans-Amadi, Eleme and Afam Gas turbines.

The state in count three said Sahara Energy Resources Limited, NG-Powers-HPS Limited within the same period with intent to cheat agreed to purchase from Rivers Government 70 per cent equity held by the state in the power generation assets in the four turbines in the sum of $302,960,000USD.

The state said the companies actually took possession, management and control of said power generation assets upon payment of the initial sum of $274,563,599.59USD, but refused to pay the outstanding balance of $28,400,000USD due to the state.

In the next count, the state alleged that Amaechi and his co-defendants within 2011 and 2012 conspired by fraudulent means to affect the market price of the four power generation assets of Rivers.

She said the defendants offered the assets for sale exclusively to Sahara Energy Resources Limited, NG Power-HpS Limited (subsidiary of Sahara Energy Resources Limited) and Tonye Cole (Director) instead of by means of open competitive bidding prescribed under section 52 (3) of Rivers State public procurement law number 4 of 2008.

The state further in count five alleged that Amaechi, Sahara Energy, Cenpropsaroten Hotel Management Limited and Cole within the same period “did conspire by fraudulent means to affect the market price of Olympia Hotel Port Harcourt by offering the said Olympia Hotel Port Harcourt for concession exclusively to Sahara Energy Resources Limited and Cenpropsaroten Hotel Management Limited (subsidiary of Sahara Energy) and Cole (Director) instead of by means of open competitive bidding prescribed under section 60 (1) of Rivers State Public Private Participation in Infrastructure Development Law, number 5 of 2009”.

Rivers also in count 6 accused Amaechi, Sahara Energy, Cenpropsaroten and Cole conspired among themselves to commit felony by stealing $1million being concession fee the defending companies paid to the Rivers State Government for the concession of the Olympia Hotel for a period of 40 years.

The state in count eight alleged that Amaechi and Sahara Energy about December 1, 2014 conspired among themselves to commit felony by stealing the sum of $53,095,602.05USD from Rivers Government USD account number 0064809429 with Access Bank, Bank Road Branch, Port Harcourt.

The offences were said to be contrary to sections 421, 422, 516A, and 383 of the Criminal Code Law, Laws of Rivers State of Nigeria, 1999.

The charge sheet was signed by C.F. Amadi, the Director of Public Prosecutions for the Attorney-General of Rivers State.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share11Tweet7SendShareShare2
Previous Post

Queues Resurface In Lagos Filling Stations

Next Post

Emir Who Named Tinubu Jagaban Speaks

Related Posts

Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Court Remands Housewife for Allegedly killing her 3-day-old Stepson

April 8, 2026
EFCC Arrests One for Naira Mutilation in Maiduguri

EFCC Arrests One for Naira Mutilation in Maiduguri

April 8, 2026

Iran Confirms two-week ceasefire

April 8, 2026
Trump Reacts To Acquittal, Lauds Legal Team For Upholding Justice

Ceasefire deal: Trump Agrees To Suspend Bombing Of Iran For Two Weeks

April 8, 2026
Next Post
Tinubu Graduated From Our School- Chicago State University Confirms

Emir Who Named Tinubu Jagaban Speaks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.