Rivers to sell long abandoned Stock Exchange Building in Port Harcourt


The Rivers State government has announced moves to sell off a building described as long abandoned in the state headquarters because it has become a hideout for crime.


Rivers State Executive Council on Sunday Evening approved the public sale of the abandoned 17- Storey Stock Exchange Building near Federal Road Safety Corps office on Aba Road,  Port Harcourt.

The State Executive Council meeting presided over by Rivers State Governor,  Nyesom Ezenwo Wike reached the decision following reports that criminal elements have taken over the facility acquired by the Rivers State Government.

Addressing journalists on Sunday,  Rivers State Information and Communication Commissioner,  Paulinus Nsirim  said the Rivers State Government decided to acquire the building because construction work on the was abandoned in 2012 due to lack of fund.

He said the structure  has become a hideout for criminals in that part of the state capital.

Nsirim said the Rivers State Executive Council approved that the 17 storey building which has provision for four lifts be placed on public sale.

He informed that council also approved that advertisements be placed in the media to invite buyers.