Rivers Govt Initiates Criminal Trial Of Amaechi And Cole Over Alleged Theft Of $53.1M


The Rivers state government has initiated a lawsuit against a former governor of the state, Rotimi Amaechi and Tonye Cole, the gubernatorial candidate of the All Progressives Congress (APC) in the state over the alleged theft of $53.1 million.

It was alleged that the money was allegedly stolen through the sale of a gas turbine by the Amaechi-led government to Sahara Energy Resources Limited, which is partly owned by Cole. 

The state filed all processes such as application for substituted service, list of authorities relied upon by the state and counter-affidavits to void  Amaechi’s and Cole’s motions seeking to stall their trials.


New mag

For more details about Newswire Law&Events Magazine, kindly reach out to us on 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk. You will be glad you did

In the lawsuit filed on March 9 at the Rivers state High Court, Amaechi was listed as the first defendant while Cole was listed as the third defendant. Augustine Wokocha is the second defendant and Sahara Energy as the fourth defendant.

The Nation reported that in count one, Amaechi and Wokocha were said to have on or about October 21, 2013, conspired to defraud the government through account number 0064889439 domiciled with Access Bank Plc addressed a letter of mandate to pay without any recourse to the government by virtue of which said letter the bank on or about December 3, 2014, paid   $53.1million to Sahara Energy Resources Limited purporting the payment as a refund of loans granted by Sahara Energy Resources to the government.

In count two, Amaechi, Cole, Wokocha, Sahara Energy and NG Power – HP Limited was said to have on or about December 1, 2014, conspired among themselves to commit a felony to steal    $53.1 million, being the property of  the state government.

In count three, all the defendants were said to have on or about December 3, 2014, stolen  $53.1million property of the government through its account number 0064889492 with Access Bank Plc purporting same to be a refund of loans granted by Sahara Energy Resources Limited to the government.

In count four, all the defendants were accused of conspiring among themselves to commit a felony to obtain money by false pretence. 

In another charge, the defendants were said to have received  N53.1 million property of the government knowing same to have been stolen or obtained by false pretence.

The offences were said to be contrary to Sections 516, 419, and 422 of the Criminal Code Laws of Rivers State of Nigeria, 1999.

Do you want to be heard, your events covered, your articles published, or need to advertise your products and services on our Blog and Magazine, reach out to us at Newswire Law and Events, you will be glad you did. For more details about our services, please call: 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk


Please enter your comment!
Please enter your name here