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N300m ‘gift’: Ibas threatens to sue NBA

Freedom Online by Freedom Online
April 15, 2025
in Breaking News
0
Ibas

Ibas

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*RIVERS STATE GOVERNMENT REJOINDER ON RELOCATION OF NBA AGC 2025

The Rivers State Government has noted the statement by the NBA on the relocation the 2025 Annual General Conference (AGC) from Port Harcourt, Rivers State to Enugu State.

The Rivers State Government, however, outrightly rejects the NBA’s recent allegation that the N300 million payment made by the state was a “gift”, unrelated to hosting rights for the NBA AGC 2025.
For clarity, the Rivers State Government’s records show that the payment of N300 million to the NBA was made with the mutual understanding that Rivers State would host the 2025 edition of the NBA AGC.

The Rivers State Government entered into this arrangement with the NBA in good faith, with the understanding that hosting the conference in the state would attract significant economic benefits to our state, positively and directly impact the businesses of our people.
The NBA’s unilateral decision to relocate the AGC 2025 against our mutual understanding and subsequent decision to withhold the N300 million paid for the purpose of hosting the NBA AGC 2025 in Rivers State is unethical and amounts to a breach of trust.

Failure of the NBA to immediately refund the N300 million to the Rivers State Government will compel the implementation of all legal means to recover the property of the good people of Rivers State.

We reaffirm our willingness to engage in partnerships with all professional bodies, including the NBA, but we will not accommodate exploitation of our people and the Rivers State Government.

Signed:
Hector Igbikiowubo
SSA Media
Rivers State Government

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.