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.

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