Given increasing concerns about the environmental impact of heavy metal pollution, assessing the level of contamination in floodplain suspended sediments is an important task. Effective environmental management and the preservation of an ecosystem depend on understanding existing pollution levels and potential concerns in the future. For this reason, floodplain-suspended sediments from major industrialized cities in Southeast Nigeria were sampled and analyzed for heavy metal contents. The investigation was conducted to evaluate the immediate and long-term bioavailability and pollution status of heavy metals in receptor organisms. A five-step sequential extraction procedure was adopted to fractionate iron, manganese, copper, zinc, nickel, lead, cadmium, and chromium to determine the geochemical phases in which they were distributed. Generally, the heavy metals were partitioned in the following order: residual >> oxidizable > carbonate > reducible > exchangeable. This indicates that a significant portion of the metals were tightly bound to the soil matrix, rendering them not readily bioavailable to the biota, except over an extended period. The levels of heavy metals, except for lead and cadmium in specific areas, were below the saturation point in terms of their bioavailability. Furthermore, the pollution assessment indices, such as the geo-accumulation index, reflected high levels of cadmium, copper, and lead contamination. This suggests a potential ecotoxicological risk to organisms near the sampling sites. The sites were classified as moderate and high risk in terms of immediate and future risk assessment, respectively. This research has established connections between current conditions and future threats and contributed valuable insights for understanding and mitigating potential environmental hazards. Proper cleaning methods and potential site reclamation are imperative to minimize or contain these heavy metals in stable forms within urban areas to prevent bioaccumulation.