Niger Delta
N649bn Paris Club Refund: Niger Delta States To Get Lion’s Share
There are strong indications that five states may get the highest allocation out of the N649.43bn expected to be paid by the Federal Government to state governments from the final tranche of the Paris Club loan refund.
The states, according to investigations by our correspondent, are Akwa Ibom, Bayelsa, Delta, Kano and Rivers.
Findings by our correspondent in Abuja showed that due to their strategic importance in terms of revenue allocation, the five states had suffered the highest deductions when the loans for the payment of the Paris club debt were being deducted from the federation account.
It was also gathered that the Federal Government might not pay the final tranche of the N649.43bn refund until after May 29 when new states’ chief executive officers are sworn in.
A top government official confided in said that states that got the highest allocation from the Federation Account Allocation Committee were those that suffered highest deductions during the payment of the Paris club debt. The Paris Club refunds are the longstanding claims resulting from reported over-deductions regarding Paris Club debts made from state government accounts as far back as 1995 to 2002.
These refunds are over-deductions from the states’ FAAC payments for foreign loan servicing over the stated period. The refunds have been the subject of dispute between the federal and state governments for quite some time.
The source told our correspondent that now that the amount was being refunded, the same pattern that was adopted for the deduction would be used for the refund.
The source stated, “You will recall that in December 2016, the first tranche of Paris Club refund was made to the state governments.
“The amount given was about N516bn, and out of this, five states — Akwa Ibom, Bayelsa, Delta, Kano and Rivers — got the highest amount of about N135bn.
“A few months later, we released the second tranche of N243bn, and each of these five states got about N10bn which makes about N50bn.”
The source added, “Now that work has been concluded on the final tranche, I can tell you that they will also receive more than other states.
“This is because deductions for the payment of the debt were made from FAAC allocations and these states received more money than any other states of the federation due to the revenue sharing formula.
“So it is natural that since they suffered huge deductions during the payment of the loan a few years back, now that the money is being refunded by the Federal Government to states, they will get what was deducted.”
On when the ministry will start the release of the money, the source said the release of the fund would depend on President Muhammadu Buhari’s directive.
He said, “We have done our own job by verifying how much would be paid to the states government as the final tranche.
“But you know that the administration is winding down in two weeks and from what we are hearing, the cabinet may be dissolved next week.
“So there is no possibility that the money will be released before the dissolution of the cabinet.
“Secondly, there will also be a change of government in many of the states. So, you don’t expect that such huge sums of money would be released by the Federal Government to state governments at this time when there are so many uncertainties.
“From the look of things, the release of the fund may be done when the new administration settles down after the formation of a new cabinet.”
The Special Adviser on Media to the Minister of Finance, Mr. Paul Ella, said he had no information on when the amount would be released.
Niger Delta
Community Elects Monarch After 55yrs Interregnum … As King-elect Preaches Unity
The Otakeme Community of Ogbia Local Government Area of Bayelsa State have elected the Managing Director/Chief Executive Officer of a firm, “Renew Empire Nigeria”, Engr. Gospel Obolo as its new paramount ruler.
The Tide learnt that the election was conducted after 55 years of interregnum over the stool.
Otakeme is the closest neighbouring community to Otabagi, host community of the Oloibiri Oil wells where oil and gas were first struck in commercial quantity in West Africa.
Speaking with Journalists shortly after a close door meeting with community stakeholders midweek, the monarch-elect promised to lead a consultative reign.
He, however, expressed regrets that the community which boasts of an array of intellectuals and major elites across boards had remained without a monarch for so long, and promised to partner indigenes of all walks of life from the community in the discharge of the duties of his royal office.
While pleading with stakeholders and community elites to consolidate on the existing peace in the community, he added that already he has initiated a consultation tour of major cities and towns across the country to meet with indigene of the community in the diaspora.
“It’s sad that our community, Otakeme, has been without a king for 55 years. Otakeme is supposed to be one of the communities in Ogbia that others should emulate in terms of communal living, but regrettably we’ve lost a lot due to disunity which resulted in the absence of a paramount ruler for this long number of years.
“We’ve begun a diaspora consultation with stakeholders to solidify our unity and continue on the path of development. There is a lot to do for our people, and I want to assure everyone from the community that we’ll work together to develop Otakeme community”, he said.
Meanwhile, the monarch-elect has called on youths of the community to maintain peace and tranquility, saying his emergence signals a new era of innovation, peace, development and unity in the ancient community.
By: Ariwera Ibibo-Howells, Yenagoa
Niger Delta
NDDC Honours 78 Employees For Long Service … Hails Commitment To N’Delta Dev
The Niger Delta Development Commission (NDDC) has honoured 78 members of staff with Long Service Awards in recognition of their dedication, loyalty and invaluable contributions to the growth of the intervention agency and the development of the Niger Delta region.
Speaking at the award ceremony held at the Commission’s headquarters in Port Harcourt, the Managing Director, Dr. Samuel Ogbuku, said staff welfare remains a central priority of the Board and Management, describing employees as the institutional memory and driving force of the Commission.
Represented by the Executive Director, Finance and Administration, Alabo Boma Iyaye, Ogbuku congratulated the recipients for their years of meritorious service and commended them for their commitment, which, he said, had contributed significantly to the Commission’s achievements over the years.
He noted that the awards were not only a celebration of longevity in service, but also a recognition of the dedication, professionalism and mentorship demonstrated by the recipients in helping to strengthen the Commission.
“The awardees have devoted decades of their lives to the NDDC, mentoring younger colleagues and playing vital roles in addressing the challenges confronting the Commission.
“Today, we celebrate your dedication, loyalty and commitment to service”, he said.
Ogbuku added: “We are proud of your achievements and grateful for your immense contributions. Each of you has helped shape our processes and our success story. We thank you for investing your talents and time in advancing the sustainable development of the Niger Delta.”
Also speaking, the Director of Administration and Human Resources, Sir Kelechi Nwelue, praised the award recipients for serving the Commission and the Niger Delta with distinction, noting that the recognition reflected years of exemplary service, unwavering commitment and professional excellence.
Responding on behalf of the honourees, the Director of Education, Health and Social Services, Dr. Awele Chukwudifu, expressed appreciation to the Executive Management for the recognition, describing the award as a source of motivation and encouragement.
She said the honour would inspire staff to remain committed to the Commission’s mandate of driving sustainable development across the Niger Delta region while sustaining excellence in service delivery.
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Niger Delta
Dickson Vows To Defend Democracy … Says ‘No Amount of Intimidation Will Break Us’
Former Bayelsa State Governor and Senator representing Bayelsa West, Seriake Dickson, has said he his committed to defending Nigeria’s multi-party democracy.
He said no amount of intimidation, political persecution or propaganda would deter him from pursuing what he described as the collective struggle to rescue the nation’s democratic values.
In a lengthy message of appreciation to his supporters, Dickson expressed gratitude to the people of Bayelsa West, Bayelsa State, the Ijaw Nation, and Nigerians at home and abroad for their steadfast support, solidarity and prayers throughout what he called his political journey to strengthen the country’s opposition.
The senator said for the past eight months he had remained away from home while focusing on building the National Democratic Congress (NDC), which he described as “the biggest national opposition party” in Nigeria.
He credited the party’s rapid growth to the commitment of its members, candidates and political partners, particularly the party’s presidential candidate, Peter Obi, and his running mate, Senator Rabiu Musa Kwankwaso.
“I thank God Almighty for His grace and strength. I also thank our party officers at every level and Nigerians across political divides for their confidence, trust and unwavering support”, Dickson said.
He stated that Nigeria’s democracy must be protected, insisting that the survival of a vibrant multi-party system was essential to the country’s future.
According to him, ongoing legal battles and what he termed “contrived anti-democratic shenanigans” would ultimately fail, expressing confidence that the judiciary would uphold the rule of law and resist attempts to undermine democratic institutions.
The former governor also accused unnamed political figures whom he said he had helped to attain positions of authority of turning against him by allegedly weaponising state institutions, removing political opponents from office, victimising innocent citizens and spreading propaganda.
Despite what he described as nearly seven years of sustained persecution against him, his family and supporters, Dickson said the loyalty of his followers had remained unshaken.
He urged Nigerians, particularly young people, to embrace politics driven by ideas, conviction and principles rather than personal gain, appointments or what he called “stomach infrastructure.”
He said the enduring legacy he hoped to leave behind was a generation courageous enough to reject injustice, defend truth and demand accountability from leaders.
Dickson announced plans to return to Bayelsa in the coming weeks alongside the National Chairman of the NDC, Senator Moses Cleopas, to personally appreciate party members and supporters across the state.
He called on citizens to reject violence and intimidation, urging them instead to participate actively in peaceful democratic processes and protect the sanctity of their votes.
The senator warned that politicians who relied on intimidation, abuse of state institutions and violence would ultimately be rejected by the electorate.
Reflecting on his political career, Dickson said he had weathered nearly two decades of investigations, allegations, political conspiracies and intimidation, yet continued to emerge stronger.
He argued that despite governing Bayelsa during a period marked by severe economic recession, his administration recorded lasting achievements across critical sectors and laid a solid foundation for the state’s development.
“I have seen it all and survived it all. The God who has stood by me has not abandoned me. He remains on His throne, watching and judging the actions of all men”, he declared.
Dickson concluded by praying for God’s continued blessings upon the NDC, Bayelsa State and Nigeria, while expressing confidence that justice, democracy and the will of the people would ultimately prevail.
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