The pensions board was inaugurated by Ibok-Ete Ibas, former
Rivers sole administrator, on September 12.

In a statement on Friday, Inyingi Brown, head of service,
said the office of the accountant-general will take over the board’s
responsibilities until a new one is formed.

The announcement, issued in Port Harcourt, directed members
of the dissolved board to hand over all assets and documents in their
possession to the director of administration.

No reason was given for the dissolution.

“The executive governor of Rivers state, His Excellency, Sir
Siminalayi Fubara, has approved the immediate dissolution of the Rivers State
Pensions Board,” the statement reads.

“Consequently, the office of the accountant-general of
Rivers state, henceforth, will handle the functions of the board.

“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.

“His Excellency, the executive governor, will in due course
constitute a new board to manage the affairs of pensions.”

The dissolution is Fubara’s first major directive since his
reinstatement by President Bola Tinubu on September 17