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Nairaland Forum / Nairaland / General / Politics / FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). (18990 Views)
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FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by caleboxylic: 11:38am On Dec 27, 2016 |
Abuja—The controversy over the return of 42 oil wells from Rivers State to Abia State continued over the weekend as the principal consultant to Macfredricks & Oneal, Jonny Maduafokwa described as false, claims by former governor of Abia State, Dr. Orji Uzor Kalu that he fought for the return of the oil wells. Orji Uzor Kalu Maduafokwa said his organization started the process for the return of the oil wells ceded to Rivers State by the Justice Mamman Nasir 1976 Boundary Adjustment Committee for and on behalf of the governments of old Imo and Abia states. The oil services expert further claimed that as an aftermath of the recovery of the wells, the Federal Government is yet to pay to the old Imo State and Abia State their accrued revenue amounting to about a whopping N9.7 trillion naira from 1976 to 1991 and from 1991 to 2001. “I read with rude shock and utter dismay, an article purportedly authored by the former Governor of Abia State, Orji Uzor Kalu that his efforts gave rise to his achieving the successful recovery of 43 oil wells that were erroneously credited to Rivers State without telling us the how and when he came by the information he claimed were at his disposal. “Ordinarily, I would have left the story to pass without bothering to react but for the erroneous impression it will create on the minds of readers as well as for posterity. “Orji Uzor Kalu indicated interest in the project and requested a briefing on the subject and he was accordingly briefed and the parties entered into a contract. To cut the story short, I executed the contract to the letter and finally, 95 crude oil wells were retrieved and returned to Imo and Abia States”, claimed Madufokwa, who also listed the affected wells with their coordinates. On the proceeds of the ceded oil wells for about 31 years, the principal consultant said; “It is instructive to note that once the dispute arose between the old Imo State and Rivers State, over the oil wells and who owns what, the Federal Government stopped payment of monies as derivation, and “locked-in” the said funds in an escrow account until verification is made as to who owns what.” “Take for instance that it took 31 years for the oil well dispute to be resolved, but the issue remains that the derivation fund from the 95 crude oil wells put “locked in” in an escrow said to have accumulated to N9.7 trillion has not been released to the bonafide owners”. He further advised the affected states to concentrate on how to get the federal government to release the money which he said will go a long way in bettering the lives of their people. http://www.vanguardngr.com/2016/12/orji-kalus-claim-42-oil-wells-false-consultant/ 2 Likes 1 Share |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by charleseee(f): 12:14pm On Dec 27, 2016 |
Imagine |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by sammyj: 12:14pm On Dec 27, 2016 |
This SE political leaders so dump and useless. Even GEJ whom they see as their dump clueless god GEJ could not use his power to settle this dispute when he was still in power. My advise to their youth is for them to shine their eyes and fight for themselves rather than fighting blindly for some politricians !!! 43 Likes 7 Shares |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by 3rdavefarms(m): 12:14pm On Dec 27, 2016 |
Can Bubu say something about it |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by kunlexyfred(m): 12:14pm On Dec 27, 2016 |
A |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by mccoy47(m): 12:14pm On Dec 27, 2016 |
9.7 gini? 19 Likes 1 Share
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Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by EmekaBlue(m): 12:14pm On Dec 27, 2016 |
FG biko pay my state our money..Thankyou 27 Likes |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by fetthu(m): 12:14pm On Dec 27, 2016 |
Naija we hail thee |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by afeez5808(m): 12:14pm On Dec 27, 2016 |
Omg 1 Like |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by Adaowerri111: 12:14pm On Dec 27, 2016 |
Obvious Marginalization 37 Likes |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by LifeDrama: 12:14pm On Dec 27, 2016 |
Thank you God. For protecting us! |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by afeez5808(m): 12:14pm On Dec 27, 2016 |
.... |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by kunlexyfred(m): 12:14pm On Dec 27, 2016 |
charleseee:B |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by BrutalJab: 12:15pm On Dec 27, 2016 |
Afonjas come and see o. 20 Likes |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by Liamm(m): 12:15pm On Dec 27, 2016 |
and the Hausa slave in IMO state can't come out publicly to create this awareness. rochas must go 59 Likes |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by Princess4ng(f): 12:15pm On Dec 27, 2016 |
I have heard... How much r they owing me sef 1 Like |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by Dels112(m): 12:16pm On Dec 27, 2016 |
Wonderful joke. How cone 2 Likes |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by saintobas: 12:16pm On Dec 27, 2016 |
that money don enter voice mail 3 Likes 1 Share |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by Cleantip(m): 12:16pm On Dec 27, 2016 |
Negodi ! 2 Likes 1 Share |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by admax(m): 12:16pm On Dec 27, 2016 |
One Chance!! 1 Like
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Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by christejames(m): 12:16pm On Dec 27, 2016 |
this one that Bubu is finding it difficult to finance his 2017 fiscal budget, where do you expect the old man to get such huge sum to repay the debt his tier of government have accrued for itself? ...since it's 5% states I think Bubu will just wave it of with his hand. 6 Likes 2 Shares |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by kennynelcon(m): 12:17pm On Dec 27, 2016 |
As Christmas and Boxing Day finish, NEPA restore their factory settings. Money that will not reach me, is that one money? 2 Likes 2 Shares |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by Chiedu4Trump: 12:17pm On Dec 27, 2016 |
Then some people will say there is no oil in the South East 16 Likes 1 Share |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by paulbets: 12:17pm On Dec 27, 2016 |
This is mind boggling. So much money 1 Like |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by mccoy47(m): 12:18pm On Dec 27, 2016 |
Na wa oo. So wia is d money now |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by Remilekun101: 12:18pm On Dec 27, 2016 |
1 Like 1 Share |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by Sibrah: 12:18pm On Dec 27, 2016 |
Admin |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by depezee(m): 12:18pm On Dec 27, 2016 |
The last time I checked the two state governors didn't use the money given to them in the past to develop the state. FG should not release it to that criminal governor Okoroawusa. Bubu please hold it so that you can hand it over to the next Imo and Abia governors. 1 Like |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by mccoy47(m): 12:19pm On Dec 27, 2016 |
My ewedu brodas would be very vexed! 8 Likes |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by OLIFEX02(m): 12:19pm On Dec 27, 2016 |
Is it possible for fg to pay such amount now? 2 Likes |
Re: FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). by OLIFEX02(m): 12:19pm On Dec 27, 2016 |
Is it possible for fg to pay such amount now?Is it possible for fg to pay such amount now?Is it possible for fg to pay such amount now? |
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