Rivers State Governor, Siminialayi Fubara, has dissolved the management of the State Pensions Board set up by former Sole Administrator, Vice Admiral Ikot Ibas (rtd). The dissolution was disclosed in a statement issued on Friday evening by the Head of Service, Dr. (Mrs.) Inyingi S.I. Brown. Vice Admiral Ibas had inaugurated the board on September 12, barely six days before leaving office, with a mandate to reform the state’s pension system for improved efficiency. Governor Fubara has now directed that the responsibilities of the board be transferred to the Office of the Accountant General of Rivers State. The statement further instructed members of the dissolved board to hand over all assets and properties in their custody to the Director of Administration of the board. The notice read in part: “The Executive Governor of Rivers State, His Excellency, Sir Siminalayi Fubara, GSSRS, has approved the immediate dissolution of the Rivers State Pensions Board. Consequently, the Office of the Accountant General of Rivers State, henceforth, will handle the functions of the Board. Members of the defunct board are by this notice advised to hand over all properties and assets of the Board in their possession to the Director of Administration of the Board. His Excellency, the Executive Governor, will in due course constitute a new board to manage the affairs of pensions.”