Fubara dissolves another board appointed by Ibas, makes fresh appointment

Rivers State Governor, Siminalayi Fubara, has ordered the dissolution of the Rivers State Microfinance Agency board, which was set up by the state’s former Sole Administrator, Vice-Admiral Ibok-Ete Ibas (retd).

The decision comes barely two days after the governor scrapped the Rivers State Pension Board, handing control of its affairs to the state Accountant-General until further notice.

The Microfinance Agency’s board was one of eight inaugurated on August 14 by Ibas, with Prof. Adolphus Toby appointed as chairman.

In a statement issued by the Head of Service, Dr. Inyingi Brown, Governor Fubara announced Pastor Jonathan Tobin as the Acting Managing Director of the agency.

The statement read: “The Rivers State Governor hereby announces the dissolution of the Board of the Rivers State Microfinance Agency and the immediate appointment of Pastor Jonathan Tobin as the Acting Managing Director of the Agency.

“Consequently, members of the defunct Board are by this notice to hand over all properties and assets of the Board in their possession to the Acting Managing Director of the Agency.

“His Excellency, the Executive Governor of Rivers State, Sir Siminalayi Fubara, will in due course reconstitute the Board.”