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Political wrangling threatens investor’s confidence in Rivers State, group warns

Credible News by Credible News
May 18, 2024
in Conflict, Development, Economy, Human Interest, News, Politics
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Power shift: Rivers Assembly limits Fubara’s role in local government appointments

Minister Wike and Governor Fubara

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The tussle for political supremacy between Rivers State Governor, Siminalayi Fubar and his predecessor, Chief Nyesom Wike, could affect investors’ confidence, a group has said.

The non-partisan outfit, under the aegis of ‘Coalition of Rivers Leaders of Thoughts’, CORSLOT, told newsmen on Friday in Port Harcourt that the lingering feud could cause economic and security breakdown.

“CORSLOT fears that the prolonged wrangling may affect investors’ confidence if not addressed,” the group said in a statement signed by its leader, Chief Sunnie Chukumele.

Other signatories included Prof. Reginah Azuwena, Mrs Odinaka Osundu, Mr George Ijoma and Chief Anuage Menegbo.

READ ALSO: Resignation of commissioners proof Wike over-reached himself — G60 lawmakers

They called on Fubara and Wike to embrace peace so as to restore confidence to the state..

According to them, investors may avoid the oil-producing state if ongoing “political toxicity” is not contained.

CORSLOT expressed fear of a possible state of anarchy if the crises continued to gain momentum.

It promised to continue to appeal to all parties to see the need for peace, and particularly urged Wike, currently FCT minister, to have a rethink on the political imbroglio in Rivers.

CORSLOT urged “trouble entrepreneurs” and “eye service politicians” to note that power belongs to God and the people, stressing that the Rivers people were taking note of the actions of such selfish characters.

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Tags: CORSLOTPolitical crisisRivers State
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