Akwa Ibom and Delta get more as Presidency releases details of refunds to Niger Delta states
The presidency released details of oil diversion reimbursements made to Niger Delta states amid growing controversy that the funds had been misappropriated by some governments in the region.
The federal government said in a statement on Friday that the nine oil-producing states had received a total of N625.43 billion, or 13% oil diversion, subsidies and SURE-P refunds from the the Federation between 2021 and 2022. The repayment date from 1999 to 2021.
This is the first public confirmation that huge sums of money, separate from monthly federal allowances, have flowed to states, amid growing questions about how state authorities have used funds.
Neither the federal government nor the relevant state governments disclosed the payments until October 2022, when Governor Nyesom Wike said he had spent the funds on multi-billion projects in the state of Rivers and challenged his colleagues to explain how they had used theirs.
Governors in the region have since been pressured to disclose the amounts they received and how they spent them. While some have released the numbers collected, none, except Governor de Rivers, have linked reimbursements to specific projects delivered.
The Niger Delta includes the states of Abia, Akwa Ibom, Bayelsa, Delta, Edo, Rivers, Ondo, Imo and Cross River. The states receive oil diversion funds monthly and are among the wealthiest states in the country.
Yet many states in the region owe benefits to workers and retirees and do not pay social security to their citizens. Poverty rates in these states are among the highest in the country.
A statement from presidential spokesman Garba Shehu, citing figures from the office of the Federation Accountant General, said the refunds were amounts that should have been paid out as a 13% diversion when the federal government made deductions from the excess crude account over the years. . Similar payments were due when NNPC made oil revenue deductions without paying 13% derivation to the states.
In the details provided, Akwa Ibom and Delta States got the largest refunds.
Recipient states still have an outstanding balance of N860.59 billion from refunds, according to the statement.
Read the full statement below:
OIL DIVERSION, SUBSIDY AND SURE-P REFUNDS: NINE OIL-PRODUCING STATES RECEIVE NAZ 625.43 BILLION IN TWO YEARS; N1.1 TRN STILL PENDINGNine oil producing states received a total of N625.43 billion (13% oil diversion, subsidies and SURE-P reimbursements from the Federation account in the last two years, 2021-2022 .
States that received refunds dating from 1999 to 2021 are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, and Rivers.
Data obtained from the Federation Accounts Department, Office of the Federation Accountant General, shows that a total of N477.2 billion was paid to the nine states in repayment of the 13% diversion fund during withdrawal from the surplus crude account (CEA) without ...
The presidency released details of oil diversion reimbursements made to Niger Delta states amid growing controversy that the funds had been misappropriated by some governments in the region.
The federal government said in a statement on Friday that the nine oil-producing states had received a total of N625.43 billion, or 13% oil diversion, subsidies and SURE-P refunds from the the Federation between 2021 and 2022. The repayment date from 1999 to 2021.
This is the first public confirmation that huge sums of money, separate from monthly federal allowances, have flowed to states, amid growing questions about how state authorities have used funds.
Neither the federal government nor the relevant state governments disclosed the payments until October 2022, when Governor Nyesom Wike said he had spent the funds on multi-billion projects in the state of Rivers and challenged his colleagues to explain how they had used theirs.
Governors in the region have since been pressured to disclose the amounts they received and how they spent them. While some have released the numbers collected, none, except Governor de Rivers, have linked reimbursements to specific projects delivered.
The Niger Delta includes the states of Abia, Akwa Ibom, Bayelsa, Delta, Edo, Rivers, Ondo, Imo and Cross River. The states receive oil diversion funds monthly and are among the wealthiest states in the country.
Yet many states in the region owe benefits to workers and retirees and do not pay social security to their citizens. Poverty rates in these states are among the highest in the country.
A statement from presidential spokesman Garba Shehu, citing figures from the office of the Federation Accountant General, said the refunds were amounts that should have been paid out as a 13% diversion when the federal government made deductions from the excess crude account over the years. . Similar payments were due when NNPC made oil revenue deductions without paying 13% derivation to the states.
In the details provided, Akwa Ibom and Delta States got the largest refunds.
Recipient states still have an outstanding balance of N860.59 billion from refunds, according to the statement.
Read the full statement below:
OIL DIVERSION, SUBSIDY AND SURE-P REFUNDS: NINE OIL-PRODUCING STATES RECEIVE NAZ 625.43 BILLION IN TWO YEARS; N1.1 TRN STILL PENDINGNine oil producing states received a total of N625.43 billion (13% oil diversion, subsidies and SURE-P reimbursements from the Federation account in the last two years, 2021-2022 .
States that received refunds dating from 1999 to 2021 are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, and Rivers.
Data obtained from the Federation Accounts Department, Office of the Federation Accountant General, shows that a total of N477.2 billion was paid to the nine states in repayment of the 13% diversion fund during withdrawal from the surplus crude account (CEA) without ...
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