AD

Cancellation of business transaction portrays Rivers as unsafe for investors – Cole

The gubernatorial candidate of the All Progressive Congress in Rivers State, Tonye Cole has claimed that the cancellation of the sale of state-owned assets to companies linked to him has become a source of concern to potential investors.

Recall that the state government during an executive council meeting on Friday resolved to approve the Justice George Omereji’s commission’s white paper report on the sale of state-owned assets by the administration of Rotimi Chibuike Amaechi.

However, Cole during a chat with newsmen on other pressing state issues, yesterday, said that the position of the Rivers State governor is vindictive.

He noted that governor Nyesom Wike’s stance on the cancellation of a mutual business transaction has portrayed the state as unsafe for investors.

Cole noted that his interests in the said company have been relinquished at the point he decided to get involved in politics and wondered why Wike could become so desperate in his bid to witch haunt him, that he has thrown caution to the winds.

He explained that a business empire with over 4,000 workers and other investors should not be dragged into politics because of perceived affiliation to him (Cole), and admonished Wike to critically evaluate his decisions to avoid a situation where investors will refuse to invest in the state as that could further impoverish the state that is fast losing revenue.

Describing Wike as someone who does not respect the rule of law, Cole, however, noted that at the appropriate time, management of the company would react to the issue, which he had only commented on due to his concern for the negative effect such cancellation could have on the future of the state.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

More Top Stories

‎Finidi hails team’s game Control as they Open Two-Point Gap‎
Why Are They Still There?’ Esin Questions NFF Technical Team After World Cup Failures
‎Bronze Isn’t Gold: Eagles’ Ex coach Peseiro Reacts To AFCON Outcome‎‎‎
Shehu Dikko Pushes for Upgrade and Proper Maintenance of Sports Infrastructure
2026 World Cup: Super Eagles Face Harsh Reality After Failed Qualification
‎NFF appoints Akeem Busari as new Flamingos coach
HRM Summons PHED, Asks Reason For Recent Power Outage
Will Nigeria Replace Iran in the 2026 FIFA World Cup?
Osimhen Out of Hospital After Successful Surgery, Eyes Quick Return
Osimhen Backed for Man United Move as Butt Says He Can Elevate Sesko
Drama Erupts as Verydarkman Fires Back at Blessing CEO Over Cancer Claim
Kpai Them All!” — Sarian Martins Unleashes Fury, Links Blessing CEO’s Illness to ‘Spiritual Payback’
Nwaiwu Earns Super Eagles Call-Up as Bassey Withdraws Ahead of Iran, Jordan Friendlies
Super Eagles star Alex Iwobi Leads 7-Man Premier League Player of the Month Shortlist
Delta Queens Edge FC Robo In Five-Goal Thriller to Boost Super Six Push
‎Injury knocks out ‘Super’ Calvin Bassey as Eagles suffer Int’l Friendlies blow‎
Osimhen Set for Race Against Time as Galatasaray Target Quick Return
Super Eagles Open Camp in Turkey Ahead of Iran, Jordan Friendlies
Chukwueze Set for Permanent Fulham Move After Impressive Loan Spell
Rivers United Humiliated as Nasarawa United Run Riot in 4–1 Thriller
‎Chelle can win next AFCON, He deserves a new contract –Ibitoye‎
‎Rivers United blame CAF Champions League for slump‎
Morocco National Team Captain Rejects AFCON Title, Backs Senegal as True Champions
‎Title race heats up as Rivers, Rangers face defining fixtures‎‎
Oborevwori Denies Assaulting Kickboxing Coach in Reimbursement Row
‎NFF faces court notice over congress misconduct‎
FULL CIRCLE AT WEMBLEY: ARSENAL, MAN CITY AND A FINAL LOADED WITH HISTORY
Finidi George Under Pressure as Rivers United’s Title Grip Slips
Osimhen Injury Shifted Momentum as Liverpool Power Through-Slot
Rivers United Stumble Again as Niger Tornadoes Strike Late to Deepen Title Tension
‎Ademola Lookman Cruise into UCL Q’finals, Osimhen Crash out‎
CAF Strips Senegal of AFCON Title, Crowns Morocco Champions After Dramatic Final Controversy
Ikorodu City Dominate Rivers United to Seal Crucial Home Victory
Rivers United Confront Tough Ikorodu City Test as NPFL Title Race Reaches Boiling Point
Obi Mikel Demands NFF Leadership Resignation After Nigeria’s World Cup Failure
Super Eagles Calvin Bassey is a beast” –Bryan Mbeumo‎
Ibinabo Fiberesima Opens Auditions For Web Series In Port Harcourt
Tinubu, NFF Mourns Former Super Eagles Coach Adegboye Onigbinde
Lemina Header Sinks Liverpool as Galatasaray Claim Crucial First Leg Victory
D’Tigress Arrive Lyon Ahead Of 2026 FIBA Women’s World Cup Qualifying
NPFL: Rivers United Trash Bendel Insurance to Remain Top
Nigerian Writers Rep Global Stage with Commonwealth Prize
When Silence Is Not Golden
Convention: Setback For ADC As Event Centre Approval Denied
$25bn Nigeria-Morocco Gas Pipeline Deal Set for Signing in 2026
Pipeline Surveillance Contract Improves Stability, Curbs Oil Theft – N’Delta Stakeholders

Leave a Reply

Your email address will not be published. Required fields are marked *