Court Orders FG To Pay Rivers, Akwa Ibom States $3.3bn Oil Revenue


Less than 24 hours after he ordered Exxon Mobil oil company and the Nigerian National Petroluem Corporation to pay some communities in Akwa Ibom state the sum of N82billion, Justice Taiwo Taiwo of the Federal High Court, on Tuesday handed another order, directing the Federal Government to pay the sum of over $3billion to Rivers and Akwa Ibom states, as their revenue share from crude oil sales.

The amount formed the shares of the two sales from the $62 billion said to have been recovered from some oil companies by the Federal Government.

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In a judgment, Justice Taiwo ordered that $1,114,551,610 be paid to Rivers state, while another sum of $2,258,411,586 be paid to Akwa Ibom state, being the amount separately claimed against the Federal Government from the share from the $62 billion recovered from the oil companies.

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