Hoi Li’s Rivers Report: The Fubara Impeachment Notice & Why Your State Taxes aren't for "Lawmaker Bonuses"

Hello again, my favorite in-law. Hoi Li is back with a report that's a bit more "heavy" than our usual talk. I'm looking at Rivers State. The news is moving fast: despite court orders, the Assembly claims the Chief Judge has acknowledged the impeachment notice against Governor Fubara.

1. The ₦350 Million Elephant in the Room

There are serious allegations from Fubara's camp that lawmakers received ₦350 Million each. Now, as your CPA, I'm not here to play politics, but I am here to play with the numbers. If those allegations are true, where is that money coming from? It’s not falling from the sky—it’s Rivers State IGR (Internally Generated Revenue).

2. Why "Political Drama" Affects Your Wallet

When a state is in "Impeachment Mode," focus shifts from development to survival. For you, the business owner or taxpayer in Port Harcourt, this means:

Budget Stagnation: Road projects, schools, and health centers can get "paused" while the big boys fight.
NRS Signal: Political instability often leads to tighter tax enforcement as the state struggles to find "alternative" funds. The NRS doesn't care about the impeachment notice; they still want their 7.5% VAT!

3. Hoi Li's CPA Take: Demand Accountability

As I always say: "If you can't audit the politics, you can't audit the tax." Whether you support Fubara or the Assembly, your demand should be for Transparency. Every Naira spent on "political settlements" is a Naira not spent on the ₦800k exemption or infrastructure.

Hoi Li's Rivers Tip: Stay vigilant about where your state taxes are going. Check our Tax Transparency FAQ to know your rights as a Nigerian taxpayer!