The State said the companies took possession, management, and control of said power generation assets upon payment of the initial sum of $274,563,599.59USD, but refused to pay the outstanding balance of $28,400,000USD due to the state.
In the next count, the State alleged that Amaechi and his co-defendants between 2011 and 2012 conspired by fraudulent means to affect the market price of the four power generation assets of Rivers.
She said the defendants offered the assets for sale exclusively to Sahara Energy Resources Limited, NG Power-HpS Limited (a subsidiary of Sahara Energy Resources Limited), and Tonye Cole (Director) instead of by means of open competitive bidding prescribed under section 52 (3) of Rivers State public procurement law number 4 of 2008.
The State further in count five alleged that Amaechi, Sahara Energy, Cenpropsaroten Hotel Management Limited, and Cole within the same period “did conspire by fraudulent means to affect the market price of Olympia Hotel Port Harcourt by offering the said Olympia Hotel Port Harcourt for concession exclusively to Sahara Energy Resources Limited and Cenpropsaroten Hotel Management Limited (a subsidiary of Sahara Energy) and Cole (Director) instead of by means of open competitive bidding prescribed under section 60 (1) of Rivers State Public Private Participation in Infrastructure Development Law, number 5 of 2009”.
Rivers also in count 6 accused Amaechi, Sahara Energy, Cenpropsaroten, and Cole conspired among themselves to commit a felony by stealing $ 1 million being concession fee the defending companies paid to the Rivers State Government for the concession of the Olympia Hotel for 40 years.
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The State, in count eight, alleged that Amaechi and Sahara Energy about December 1, 2014, conspired among themselves to commit a felony by stealing the sum of $53,095,602.05USD from Rivers Government USD account number 0064809429 with Access Bank, Bank Road Branch, Port Harcourt.
The offenses were said to be contrary to sections 421, 422, 516A, and 383 of the Criminal Code Law, Laws of Rivers State of Nigeria, 1999.
The charge sheet was signed by C.F. Amadi, the Director of Public Prosecutions for the Attorney-General of Rivers State.
