APC Alleges Misappropriation of ₦260bn Derivation Refund By Governor Okowa

Hamilton Nwosa
Writer

Ad

Surprise as Tinubu Overturns NTA shake-up, reinstates Abdullah Dembos, Ayo Adewuyi

By Obinna Uballa President Bola Tinubu has reversed recent leadership changes at the Nigerian Television Authority (NTA), ordering the reinstatement of Director-General Salihu Abdullahi Dembos and Executive Director of News Ayo Adewuyi, triggering surprises in the Broadcast industry. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the directive in a…

Chatham House Rebuts Tinubu, Says Corruption Still Crippling Nigeria’s Growth

By Obinna Uballa United Kingdom based policy institute, Chatham House, has countered President Bola Tinubu’s recent claim that his administration has eradicated corruption in Nigeria, asserting that the vice remains deeply entrenched and continues to undermine the country’s economic growth and governance structures. In a new report authored by Dr. Leena Hoffmann, Associate Fellow of…

Ranked: Top Sources of Billionaire Wealth by Industry

Key Takeaways Forbes found finance and investments leads the top sources of billionaire wealth (464 billionaires) in 2025. Technology is the second-most common sector for billionaires (401), adding 59 new names since 2024. The world’s ultra-rich aren’t evenly spread across either the globe or the economy. Instead, their fortunes tend to cluster in a handful of high-growth, high-margin industries. This…

Ad

Barely two weeks Rivers State Governor, Nyesom Wike raised the alarm that some Governors in the Niger Delta region may have Misappropriated the humongous amount of money allocated to them by President Mahmoud Buhari from the 13% derivation deduction refund, the Delta State All Progressives Congress (APC) Deputy Governorship Aspirant, Honourable Friday Ossai Osanebi has implored Governor Ifeanyi Okowa to render an accurate account on how the funds were deployed to the benefits of the people.

Honourable Osanebi who disclosed that not less than two hundred and sixty billion naira (₦260bn) was collected as derivation refund by the Delta State government, enjoined Governor Okowa to explain to the Ndokwa nation how about one hundred and thirty billion naira (₦130bn) was expended without corresponding evidence of its utilisation.

The Deputy Governorship Aspirant at a ward to ward campaign in Ndokwa West Local government area during the week, posited that the Ndokwa people was entitled to fifty percent (50%} of the total 13% derivation deduction refund thus far collected. He noted in dismay that despite the collection of this huge monetary allocation meant primarily for development, the Ndokwa nation remains a shadow of her proud past.

Osanebi who described the seven and half years of Governor Okowa led government as a colossal waste to Delta and season of great deprivation to the Ndokwa nation in particular as there is nothing to compensate the people for their enormous contribution to the nation’s economy.

His words: ” As a presiding officer, former Deputy Speaker of the House of Assembly I know the law establishing DESOPADEC. My State Chairman had asked Deltans to demand from Governor Okowa the ₦260billion derivation deduction refund. The Deputy Governorship Aspirant, however, insisted that the total sum accrued to the Ndokwa nation must be disbursed to her for the provision of basic amenities for the people and development of the various communities.

The campaign train which had prominent APC members, visited virtually every nooks and crannies in Ndokwa West council.

Ad

X whatsapp