Criminals force Rivers State Govt to sell Stock Exchange Building

Rivers State Executive Council on Sunday Evening said it has approved the sale of the abandoned 17-storey Stock Exchange Building near Federal Road Safety Corps office on Aba Road, Port Harcourt.

Rivers State Information and Communication Commissioner, Pastor Paulinus Nsirim told journalists that the Rivers State Government decided to acquire the building because construction work on it stopped in 2012 due to lack of fund.

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However, the State Executive Council meeting presided by Nyesom Wike reached the decision following reports that criminal elements have taken over the facility, Nsirim said.

Nsirim said the Rivers State Executive Council approved that the 17- storey building which has provision for four lifts be placed on public sale, adding that the council also approved that advertisements be placed in the media to invite buyers.