Fubara dissolves pensions board inaugurated by Ibas

The Rivers State Governor, Siminalayi Fubara, has dissolved the Rivers State Pensions Board with immediate effect.

The governor said the office of the state Accountant General would handle the functions of the board until a new one was constituted.

This was contained in a statement issued in Port Harcourt on Friday by the state Head of Service, Dr Inyingi Brown, and obtained by our correspondent.

The four-paragraph statement directed members of the former board to hand over all properties and assets of the board in their possession to their Director of Administration of the Board.

No reason was given for the dissolution of the board.

The statement reads, “The Executive Governor of Rivers State, His Excellency, Sir Siminalayi Fubara GSSRS 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.”

Our correspondent reports that this is the first major action or directive the governor has taken since his reinstatement by President Bola Tinubu on September 18.