Return Rivers State Money or We Go To Court – Ibas to NBA
Rivers State Administrator, Ibok-Ete Ibas threatens legal action against NBA over failure to refund the N300 million donation back to Rivers State Government
According to Ibas, the records show that the payment of N300 million to the NBA was made with the mutual understanding that Rivers State would host the 2025 edition of the NBA Annual General Conference (AGC).
He rejected NBA’s claim that the N300 million payment made by the state was a “gift”, emphasizing that the Rivers State Government entered into an arrangement with the NBA in good faith, with the understanding that hosting the conference in the state would attract significant economic benefits to our state, positively and directly impact the businesses of our people.
Ibas said the NBA’s unilateral decision to relocate the AGC to Enugu and subsequent decision to withhold the ₦300 million paid for the purpose of hosting the NBA AGC 2025 in Rivers State is unethical and amounts to a breach of trust.
He added that failure of the NBA to immediately refund the ₦300 million to the Rivers State Government, will compel the implementation of all legal means to recover the property of the good people of Rivers State.