Group To S/South Govs: Account For N55trn Of 13% Derivation Allocated To You Since 2018

Related stories

(VIDEO) Gambari Weighs in on Buhari’s Legacy, Says History Will Be Kind to Him

By Abiola Olawale  Professor Ibrahim Agboola Gambari, eminent Scholar-Diplomat, former...

2027: Osun Senator, Fadeyi Dumps PDP, Amid Adeleke’s Defection Speculations

By Abiola Olawale Senator Olubiyi Fadeyi, the lawmaker representing Osun...

EFCC Probing 18 Sitting Governors in Major Corruption Crackdown, Olukoyede Reveals

• Reveals ex-governor Arrested in UK for spraying Money By...

By Abiola Olawale

A coalition of militants under the umbrella of the Reformed Niger Delta Avengers (RNDA), a socio-political group has called on Niger Delta governors to give account on an estimated N50trn and N55trn received as 13% derivation funds by states in region from 2018 till date.

According to the coalition, financial records in their possession revealed that a whooping N44.68trn, proceeds of 13 per cent derivation fund has been allocated to the oil producing states by the Federal Government between the period of 1999 to 2018.

The coalition accused the South-South governors of mismanaging the derivation funds, agitating that the funds should be diverted to develop the Niger Delta region.

The coalition, therefore, urged that President Muhammadu Buhari to address the situation, adding that the Federal Government should stop paying the 13% derivation funds to the governors of the region.

This is contained in an electronic mail, released on Thursday by Major General Johnmark Ezon-Ebi, Commanding Officer, RNDA.

The mail reads: “The Reformed Niger Delta Avengers (RNDA), coalition of militant groups that is agitating for the overall development of the Niger Delta region, most especially for the betterment of the oil and gas producing communities in the creeks, has challenged governors of the Niger Delta to give proper account of over N55 trillion they have collected so far from the Federation Account on 13 per cent derivation from 1999 to 2021.

“The amount is without the IGRs and monthly allocations from the Federation Account. From 1999 to 2018, according to financial records obtained by us, the Niger Delta oil-producing states have received over N44.68 trillion and from 2018 to 2021 they have collected over N50 trillion. Despite that South-south oil producing state governors are of the opposition party, People’s Democratic Party (PDP), President Muhammadu Buhari of the All Progressives Congress (APC) has never denied them of the 13 per cent derivation funds monthly. President Buhari also has never denied them even the Paris Club bailout funds. They were given to them in billions of naira for over two consecutive times and yet these South-south six oil producing states’ debt profile is huge and running into over N1.25 trillion.”

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
(VIDEO) Gambari Weighs in on Buhari's Legacy, Says History Will Be Kind to Him2027: Osun Senator, Fadeyi Dumps PDP, Amid Adeleke's Defection SpeculationsEFCC Probing 18 Sitting Governors in Major Corruption Crackdown, Olukoyede RevealsDrama as Okpebholo Tells Peter Obi: Notify me Before Visiting Edo or Else I Can't Guarantee Your SecurityTrump Vows to Sue Rupert Murdoch as Epstein Report Opens New Rift in Their RelationshipTinubu Names IBB’s Son, Top Experts to Lead Key Nigerian Agencies2027: Labour Party Appoints Nenadi Usman as Interim National Chairperson Alleged $9.6 Billion P&ID Fraud: Fleeing Briton’s Surety Arrested, Produced In CourtWhy Oil Prices Could See a Significant Upside ShiftPresidency Announces Gov Umo Eno as APC Leader in Akwa Ibom, Sparks ReactionsBreakdown of Buhari’s Family EntitlementsThaksin touts golden visa, higher travel fees to boost ThailandDangote Refinery Halts Fuel Discount Program Over Alleged Marketers Fraud2027: Intrigues as PDP Confirms Move to Bring Peter Obi Back After Atiku’s DepartureAre You Pregnant? By Johnson Babalola
X whatsapp