Sale of gas turbines: Rivers sues Amaechi, Cole, others

Gas turbines
Enugu State
From TONY JOHN, Port Harcourt
Rivers State government has dragged former governor Chibuike Amaechi, governorship candidate of the All Progressives Congress (APC), Tonye Cole, and five other defendants to a High Court for allegedly conspiring to steal the sum of $274, 563, 599.59 USD accruable from the sale of the state assets.
Other defendants on Charge No. PHC/1818/CR/2022, included: Chamberlain Peterside, Augustine Wokocha, Sahara Energy Resources Limited, NG Powers-HIPS Limited and Cenpropsaroten Hotel Management Limited.
The document, which was made available to Daily Sun, said the defendants  faced  nine-count charges bordering on conspiracy, stealing and cheating, and the matter is being prosecuted by the state.
Some of the charges contained the  following information:
On court one, conspiracy,  the defendants were accused of “stealing the sum of $274, 563, 599.59 USD, being proceeds from the sale of 70 percent equity held by the Rivers State government in the power generation assets at Omoku Gas Turbine, Trans-Amadi Gas Turbine, Eleme Gas Turbine and Afam Gas Turbine Phase I to NG Powers-HPS Limited.”
The offence, which  was committed between 2011-2012 in Port Harcourt, was contrary to Section 516A (a) of the Criminal Code Law, Cap. 37, Volume 2, Laws of Rivers State of Nigeria, 1999.
Also, on count two, stealing, the accused persons committed the crime contrary to section 383 and punishable under section 390 (9) of the Criminal Code Law, Cap. 37, Vol. 2 Law of Rivers State of Nigeria, 1999.
Similarly, on count three, the fourth, fifth and seventh defendants, between 2011-2012, within Port Harcourt  Judicial Division, were accused of intent to cheat, “agreed to purchase from Rivers State government 70 percent equity held by the state in the power generation assets at Omoku Gas Turbine, Trans-Amadi Gas Turbine, Eleme Gas Turbine and Afam Gas Turbine Phase I the sum of $302, 960,000.00 USD.”
On counts four and five, conspiracy to defraud, the offence allegedly committed by the defendants, was said to be contrary to section 422 of the Criminal Code Law, Cap. 37, Vol. 2, Laws of Rivers State.
The prosecution (State) on proofs of evidence has a list of five witnesses for the case.
The inventory documents to be relied upon by the prosecution include: Shares sale and Purchase Agreement between the state government and Rivers State Ministry of Finance Incorporated and First Independent Power  Limited and NG Power-HPS Limited.
Another inventory the prosecution would rely upon will be Access Bank Statement, Bank Road, Port Harcourt, January 1, 2013 – August 22, 2015  and others.

NEWS UPDATE: Nigerians can now earn as much as $15,000-$25,000 with premium domains. You decide if you want payment in Naira or US Dollars. Be sure to ask for evidence and proof of people benefitting daily from this. CLICK HERE TO START

Breaking news & top stories

Stay connected with The Sun Newspaper

Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.

Breaking news & top stories

Follow The Sun Newspaper

Get live updates & exclusive stories delivered straight to your phone.

Breaking news & top stories

Stay connected with The Sun Newspaper

Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.

Enugu State