Rivers Government Revokes ₦134 Billion Contract Awarded Under Former Administrator
In a bold move to tighten fiscal discipline and ensure transparency, the Rivers State Government has cancelled a ₦134 billion contract earlier awarded by the former state administrator, Ibas.
The decision, which has stirred public debate, is part of the state’s broader review of contracts and expenditures made under the previous administration.
Government officials say the cancellation was necessary after discrepancies and irregularities were discovered in the project’s approval and execution process.
A top government source described the move as a step towards “restoring accountability and protecting the state’s resources,” adding that the affected contract failed to meet due process standards.
The state government has assured that legitimate projects will continue unaffected, while all questionable agreements will undergo forensic review to recover public funds and ensure value for money.
Observers say the development signals a new era of financial prudence in Rivers State, where scrutiny of government spending is tightening under the current administration.
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