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Fubara Dissolves Microfinance Agency Board Reconstituted Under Emergency Rule

Rivers State Governor, Siminalayi Fubara, has dissolved the board of the Rivers State Microfinance Agency (RIMA), which was reconstituted during the period of emergency administrative measures introduced earlier this year.

The dissolution, announced in a statement signed by the Secretary to the State Government (SSG), Tammy Danagogo, takes immediate effect. According to the statement, all members of the dissolved board are directed to hand over all government property in their possession to the Permanent Secretary of the Ministry of Finance.

Governor Fubara, who has been restructuring several state agencies to enhance transparency and efficiency, stated that the move is part of ongoing efforts to reposition the state’s financial institutions for improved service delivery to small and medium-scale enterprises (SMEs).

Sources within Government House, Port Harcourt, hinted that a new board is expected to be constituted soon, comprising professionals and financial experts to steer the agency’s affairs in line with the governor’s development agenda.

RIMA, which plays a critical role in supporting small businesses and entrepreneurs through microloans and financial empowerment programs, had faced administrative challenges in recent months following the political crisis that engulfed the state.

The latest dissolution underscoress. Governor Fubara’s determination to consolidate his control over state institutions and ensure accountability in the management of public fund