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Governor Siminalayi Fubara has dissolved the Rivers State Pensions Board with immediate effect.
The development is contained in a Government Special Announcement issued in Port Harcourt on Friday evening by the State Head of Service, Inyingi Brown.
According to Fubara, the office of the State Accountant General will handle the functions of the Board until a new board is constituted.
Members of the former board were directed to hand over all properties and assets of the board in their possession to the Director of Administration of the Board.
The reason for the dissolution of the board was not given.
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“The Executive Governor of Rivers State, His Excellency, Sir Siminalayi Fubara, has approved the immediate dissolution of the Rivers State Pensions Board.
“Consequently, the Office of the Accountant General of Rivers State, henceforth, will handle the functions of the Board.
“Members of the defunct board are by this notice advised to hand over all properties and assets of the board in their possession to the Director of Administration of the Board.
“His Excellency, the Executive Governor, will in due course constitute a new board to manage the affairs of Pensions,” the statement reads.
