(DDM) – The Minister of the Federal Capital Territory, Chief Nyesom Wike, has claimed that the reported sum of about ₦600 billion in the coffers of Rivers State has become a major attraction for political interests, triggering intense competition and renewed struggles for control of the state’s political structure.
Wike made the assertion while speaking at a public function attended by political leaders and supporters, where he alleged that the growing attention on Rivers State politics is largely driven by access to its substantial financial resources.
According to him, the availability of huge funds in the state treasury has drawn individuals and groups who, he said, are more interested in the money than in genuine governance or service to the people.
Wike argued that Rivers State has remained economically strong over the years due to consistent revenue inflows and fiscal discipline, making it one of the most financially viable states in the country.
He said the state’s financial standing has now become a source of desperation for political actors who are positioning themselves to benefit from what he described as “easy access to public funds.”
The former Rivers State governor accused some politicians of pretending to fight for democracy and good governance, while secretly scheming to take control of the state’s resources.
He warned residents of Rivers State to be vigilant and not allow themselves to be used as tools by politicians whose primary interest, he said, is the state’s money rather than its development.
Wike maintained that political loyalty and alignment in Rivers State have increasingly been influenced by financial considerations, adding that this trend poses a serious threat to principled leadership and accountable governance.
Providing background, Rivers State is one of Nigeria’s oil-producing states and a major contributor to the federation account, benefiting from statutory allocations, internally generated revenue, and derivation funds tied to crude oil production.
Over the years, the state has played a strategic role in national politics, often attracting high-profile political battles due to its economic importance and large voting population.
Political analysts note that control of Rivers State has historically been fiercely contested, with rival factions often engaging in prolonged disputes, litigation, and power struggles.
Wike himself has been a central figure in Rivers politics for over a decade, serving as governor for two terms before being appointed Minister of the Federal Capital Territory.
His political influence has continued to shape alignments within and beyond the state, especially amid internal divisions in major political parties.
Reacting to his remarks, some observers argue that the focus on the state’s financial strength highlights broader concerns about money-driven politics in Nigeria, where access to public funds often determines political loyalty and survival.
Others believe the statement reflects ongoing tensions between competing political blocs in Rivers State ahead of future electoral cycles.
Wike insisted that leadership should be about service and responsibility, not the scramble for wealth, stressing that Rivers people deserve leaders who prioritise development over personal gain.
He added that any attempt to hijack the state for financial reasons would be resisted, urging political actors to respect the will of the people and the principles of good governance.
The comments have since reignited debate on the role of money in Nigerian politics and the need for stronger institutions to protect public resources from political exploitation.