Rivers State Governor Siminalayi Fubara has dissolved the Rivers State Pensions Board with immediate effect.

According to a government special announcement issued in Port Harcourt on Friday evening by the State Head of Service, Mrs Inyingi Brown, the office of the State Accountant General will now assume the functions of the board until a new board is appointed.

The four-paragraph statement instructed members of the former board to hand over all properties and assets in their possession to the Director of Administration of the Board. No reason was provided for the dissolution.

The statement reads: “The Executive Governor of Rivers State, His Excellency, Sir Siminalayi Fubara, has approved the immediate dissolution of the Rivers State Pensions Board. 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.”

This marks the first major action by Governor Fubara since his reinstatement by President Bola Tinubu on September 18.