Oil wells: Akwa Ibom to refund money to Rivers State

Following a Supreme Court judgment which gave the ownership of 86 disputed oil wells to Rivers State, Akwa Ibom State will have to refund the revenue collected on the wells to Rivers State.To ensure the payment and the enforcement of other rulings on the case, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has inaugurated an inter agency technical committee on the implementation of the Supreme Court judgment.Inaugurating the committee comprising representatives of the Office of the Accountant General of the Federation, Office of the Attorney General of the Federation, National Boundary Commission, Department of Petroleum Resources and Office of the Surveyor General of the Federation on Wednesday in Abuja, the chairman, RMAFC, Mr Elias Mbam, disclosed that they were to work out modalities for the implementation of the judgment which gave the 86 oil wells to Rivers State.The committee which was given two weeks to complete its work, according to the secretary of RMAFC, Mr Tunde Kamilu Kasali, is to examine the implications of the judgment in all its ramifications, to collate all the data required to implement the judgment, to compute the amount to be paid to Rivers State by Akwa Ibom State as ordered by the court, to recommend the modalities for the payment of the amount due to Rivers State and to make any other recommendations that the committee may deem necessary.
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