President Bola Ahmed Tinubu on Wednesday evening summoned the immediate past Rivers State Administrator, Vice Admiral Ibok-Ete Ibas (retd.), to the Presidential Villa, Abuja.
Ibas, who arrived at the State House at about 5:50 p.m. dressed in brown native attire, was accompanied to the meeting by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukayede.
Earlier, Edun had been sighted entering the villa briefly before leaving, only to return later carrying a file, underscoring the gravity of the engagement with the President.
Vice Admiral Ibas ceased to function as administrator of the oil-rich state on September 17, following the termination of the six-month emergency rule imposed in March.
President Tinubu had directed the reinstatement of the suspended governor, Siminalayi Fubara, his deputy, and members of the Rivers State House of Assembly from the previous Thursday.
During its first sitting after the end of emergency rule, the Rivers State House of Assembly, presided over by Speaker Martin Amaewhule, resolved to investigate the management of state funds under Ibas’ tenure.
Lawmakers specifically resolved “to explore the process of knowing what transpired during the emergency rule about spending from the consolidated revenue fund for the award of contracts and other expenditures.”
Ibas, however, has publicly rejected the decision to probe the state’s expenditure during his six months in office.
Official records show that Rivers State received at least ₦254.37 billion from the Federation Account Allocation Committee (FAAC) between March and August 2025, covering the period Ibas served as sole administrator.
Details of the closed-door meeting were yet to be made public as of press time.
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