Stop Deducting Money From Rivers Statutory Allocation, Court Orders FG

The Federal High Court sitting in Abuja has ordered the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to comply with the judgment of the Supreme Court in respect of OML112 offshore and stop the deduction of the sum of N502, 298,943.03 or any sum whatsoever, forming the proprietary rights of the Rivers State Government.
The presiding Judge, Justice Taiwo Taiwo, also ordered the defendants to make full refund of the accruable 13 per cent derivation illegally denied the plaintiff from crude oil and gas production within OML 112 and sale from September, 2018 till the determination of the suit; and thereafter.
The judge equally ordered the Attorney General of the Federation, the Accountant General of the Federation and the RMAFC to pay monthly interests at the various commercial rates at no less than 15 per cent per annum on the illegally deducted 13 per cent derivation due to the plaintiff from OML 112 until the liquidation of all outstanding and accruing debt.
Justice Taiwo further restrained the defendants, their agents, assigns, representatives, privies or howsoever called from disregarding the finality of the Supreme Court judgment delivered on March 18, 2011 in Suit No: SC/27/2010, between: Attorney General of Rivers State and Attorney General of Akwa Ibom State & Anor as it relates to the proprietary rights of the plaintiff in respect of OML 112.
The suit was instituted by the Attorney General of Rivers State to challenge the deduction of the sum of N502, 298,943.03 accruing from OML 112 from the statutory allocation of the state by the defendants.