Niger Delta
IYC Hails Dickson, Others On Supreme Court Victory
The Ijaw Youth Council (IYC) Worldwide has hailed Bayelsa State Governor, Seriake Dickson and his counterparts in Rivers and Akwa Ibom States, Chief Nyesom Wike and Udom Emmanuel respectively, following their recent Supreme Court’s victory on oil revenue sharing.
The IYC commended Dickson and his colleagues for rising above the norm to approach the court for an interpretation of Section 16(1) of the Deep Offshore and Inland Basin Production Sharing Contract Act.
The IYC, in a statement signed by its Secretary-General, Mr. Alfred kemepado, yesterday, described the judgement as a victory for all Nigerians and not just the littoral states.
Kemepado said the victory was justice and equity for all persons cheated in the fraudulent equation that had been the basis for sharing revenues to states.
He said it was fraudulent and insincere to share oil revenues on $20 per barrel formula, even when oil prices increased to about $120 per barrel.
He said the act passed for a classical state fraud that deserved a shameful place in the records of time.
Kemepado called on all state governors to join Dickson and his colleagues in calling for the refund of their money, which valued in trillions of Naira.
He said the money if used judiciously would help develop the affected states, especially the Niger Delta region.
He said: “We commend the judiciary, led by Justice John Inyang Okoro of the Supreme Court for annihilating this fraud that was deliberately orchestrated by some elite for selfish reason and at the expense of the struggling and suffering people of Nigeria.
“We call on President Buhari to ensure the enforcement of this judgement by all stakeholders as it will further demonstrate his respect for the rule of law, especially at this supreme level”.
Niger Delta
C’River Bans VIOs From Road Operations
Niger Delta
A’Ibom Community Seeks Govt Recognition For Elected Village Head
Niger Delta
Delta Unveils World Book Day Festival
-
Business1 day agoNERC Amends Order on Meter Tampering, Power Bypass For Discos
-
News2 days agoPolice Arrest Nigerian, Two Others For Kidnapping In Edo
-
Business1 day agoNigeria, AFC sign $1.3 billion deal to build alumina refinery
-
Rivers1 day agoKENPOLY Rector Promises To Prioritise Students’ Welfare
-
Rivers1 day agoDon, Stakeholders Urge Environmental Laws In N’Delta
-
Business1 day agoNCDMB Signs Mgt Deal With Radisson, Edison…As Board’s 204 Rooms Hotel Open December 2026
-
Rivers1 day agoADIAFRICA Flags-off Free Eye Screening Outreach In PH
-
News2 days agoNDLEA Arrests Ex-Councillor With 40kg Skunk, Recovers Drugs In Diapers
