Rivers State Governor, Nyesom Wike has again accused his predecessor, Chibuike Amaechi of spending the state’s fund recklessly during his administration.
He made the accusation while signing into law five bills passed by the House of Assembly.
The bills include Rivers State Education (Return of Schools) Amendment Number 1 Law, Number 1 of 2017; Rivers State Honours Law Number 2 of 2017; Rivers State Reserve Fund (Repeal) Law Number 3 of 2017; Rivers State University Law Number 4 of 2017; and Rivers State University Teaching Hospital Law Number 5 of 2017.
Wike said the Rivers State Reserve Fund Law Number 3 of 2017 became necessary as the law was no longer relevant following alleged financial recklessness of the immediate past All Progressives Congress (APC) administration in the state.
He alleged the administration refused to respect the law as it indiscriminately withdrew funds meant for the future.
According to Wike, “Between February 12, 2014 and May 27, 2015, the (immediate past APC administration in the state) withdrew N53 billion without passing through due process.
“The state is today suffering from the financial recklessness of that administration as it squandered state resources through illegal withdrawals.”