Rivers State Governor, Siminalayi Fubara, has ordered the immediate dissolution of the Rivers State Pensions Board (RSPB), which was inaugurated earlier this month by the former Sole Administrator, Vice Admiral Ibok-Ete Ibas (retd).
The dissolution was announced in an official statement issued by the Head of Service, Dr. Inyingi Brown.
According to the statement, the functions of the defunct board will now be managed by the Office of the Accountant General.
The now-dissolved board had been inaugurated on September 12, just before the end of the emergency administration in the state.
At the time, Ibas had tasked the board with addressing long-standing issues surrounding pension administration in Rivers State.
However, Governor Fubara’s directive marks a swift reversal of that move.
The statement further directed all former board members to hand over any assets or property of the board in their possession to the Director of Administration.
“His Excellency, the Executive Governor, will in due course constitute a new board to manage the affairs of pensions,” the statement concluded.
