The Nyesom Wike led administration in Rivers State Government has commenced legal action against some commercial banks operating in the state, for granting loan facilities to some Local Government Chairman.
A statement signed today, by the Commissioner for Information and Communications, Paulinus Nsirim , also noted that the JAAC account domiciled in such banks have been removed by the Rivers State Government over the violation of the Local Government Law.
The statement sent to Africa Update reads in part: ” Government has also removed JAAC Accounts from all the Banks that gave loans to some Local Government Councils without the authorisation of the State Government as provided in the Local Government Law. Consequently, “the Attorney-General and Commissioner for Justice has therefore been authorized to institute legal action against the defaulting bank.”
