13% Refund: “Edo Received Only N2.1bn Out Of N28bn”, Obaseki Replies Wike

13% Refund: “Edo Received Only N2.1bn Out Of N28bn”, Obaseki Replies Wike

  • Governor Godwin Obaseki on Wednesday reacted to Governor Nyelsom Wike's statement of Rivers State that the FG had refunded the shortfall of the 13 percent derivation funds to all the states of the Niger Delta
  • The governor noted that Edo state only got a total sum of N2.1 billion paid in three installments of N700 million per quarter
  • Meanwhile, Governor Wike, last week, thanked President Muhammadu Buhari for releasing what he tagged the arrears of the derivation funds to the states in the Niger Delta states

Benin City - The Edo State government, on Wednesday, November 23, reacted to the controversy trailing the alleged release of trillions of naira out of the arrears owing the state from the country’s 13 percent derivation formula, saying it has only received N2.1 billion out of the N28billion due to the state.

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He said:

“It was the Commissioners of Finance in Nigeria under the aegis of FAAC, especially those from the oil producing states that spotted the fact that there was an anomaly in respect of the Federal Government spending money from crude oil and gas sales and not taking out derivation.
"So, the work was done and a total of about N1trillion was established as due to the oil producing states, it went through the whole process and the FEC approved it and a methodology for repayment as approved by RMFAC and they now agreed on what would be due to each state.
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“Edo State’s share of that figure was N28billion. What was also approved was the way and manner this money would get to the states. The net amount that will come to each state over five years; each year, you will have quarterly remittance which means four releases each year over five years.”

2023 Election: PDP plunges into crisis in popular southern state as disparities ensue over candidates list

The Edo state chapter of the Peoples Democratic Party (PDP) has been plunged into a crisis following the recent development of the candidates’ list in the state.

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According to The Nation newspaper, there are disparities in the list of candidates due to the factional situation prevalent in the party.

The faction is said to be led by the incumbent governor, Godwin Obaseki, and another faction led by Chief Dan Orbih, the national vice-chairman of the party in the south-south region.

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Governor Obaseki sacks commissioner gives reason

In another development, the governor of Edo state, Godwin Obaseki, has sacked Engr. Newton Okojie, his commissioner for Roads and Bridges.

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A statement announcing Okojie's sack on Monday, October 31, indicates he lost the job over alleged poor performance.

Governor Obaseki directed the Permanent Secretary in the ministry to take charge pending the appointment of a substantive commissioner.

Source: onebeat.com.ng

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