The Federal Government, on Friday, released details of oil derivation refunds made to the states revealing that Akwa Ibom and Delta States received the largest refunds.
This is coming days after the President, Major General Muhammadu Buhari (Ret’d) accused certain governors of misusing oil derivation refunds.
The presidential spokesperson, Garba Shehu, disclosed this in a statement issued on Friday, according to Daily Post.
Shehu revealed that the nine oil-producing states got a total of N625.43 billion, equivalent to 13% oil derivation, subsidy and SURE-P refunds from the Federation Account between 2021 and 2022.
He said the date of the refund was from 1999 to 2021.
Governor of Rivers State, Nyesom Wike, in a recent statement, said he spent the funds allocated to his state on multi-billion projects within the state, challenging his colleagues to explain how they used theirs.
The president’s statement read partly, “According to the figures, under the 13 per cent derivation fund on withdrawal from ECA without deducting derivation from 2004 to 2019, Abia State received N4.8 billion with an outstanding sum of N2.8 billion, Akwa-Ibom received N128 billion with an outstanding sum of N77 billion, Bayelsa with N92.2bn, leaving an outstanding of N55 billion.
“Cross River got a refund N1.3 billion with a balance N792 million, Delta State received N110 billion, leaving a balance of N66.2 billion, Edo State received N11.3billion, with a balance of N6.8billion, Imo State, N5.5 billion, with an outstanding sum of N3.3 billion, Ondo State, N19.4 billion with an outstanding sum of N11.7bn while Rivers State was paid 103.6 billion, with an outstanding balance of N62.3 billion.”
The statement also showed that states were further paid in eight instalments between the months of October 2021 and January 2022.
“Under this category, Abia State received N1.1 billion, Akwa-Ibom, N15 billion, Bayelsa, N11.6 billion, Cross River, N432 million, Delta State, N14.8 billion, Edo State, N2.2 billion, Imo State, N2.9, billion, Ondo State, N3.7 billion, and Rivers State, N12.8 billion,” it read.
