Governor Siminalayi Fubara of Rivers State has approved the immediate dissolution of the Rivers State Pensions Board.
This decision was announced in a Government Special Announcement issued in Port Harcourt on Friday evening by the State Head of Service, Dr. Mrs. Inyingi Brown. The governor directed that the functions of the board will henceforth be handled by the Office of the Accountant General of Rivers State.
The dissolution is effective immediately, and members of the defunct board have been directed to hand over all properties and assets of the board in their possession to the Director of Administration of the Pensions Office. “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,” the statement read.
The Pensions Board was constituted by former Sole Administrator, Vice Admiral Ikot Ibas, just six days before leaving office. Governor Fubara has promised to constitute a new board to manage the affairs of Pensions in due course. “His Excellency, the Executive Governor, will in due course constitute a new board to manage the affairs of pensions,” the statement added.
The decision to dissolve the Pensions Board is the first major decision by the Fubara-led government after the emergency rule that lasted for six months. Governor Fubara was reinstated as governor by President Bola Ahmed Tinubu after the state of emergency was lifted.
The Office of the Accountant General of Rivers State will handle the functions of the Board until a new board is constituted. This move has been seen as a significant step by the governor to reorganize the state’s pension administration.
The dissolution of the Pensions Board has raised questions about the future of pension management in Rivers State. However, with the governor’s promise to constitute a new board, stakeholders are hopeful that the state’s pension administration will be improved.
