Home » Headlines » How did you spend N625bn refunds? – SERAP to 9 oil-producing states

How did you spend N625bn refunds? – SERAP to 9 oil-producing states

by NaijNaira
0 comments
How did you spend N625bn refunds – SERAP to 9 oil-producing states

Here Is The Easy Money-Making Trick Everyone Is Talking About! Learn More Here!

Socio-Economic Rights and Accountability Project has called on the nine oil-producing states in Nigeria to “provide and widely publish details of spending of the oil derivation refunds of N625billion recently paid to them by the federal government, including details and locations of projects executed with the money.”

SERAP disclosed this in an open letter dated 10 December 2022 and made available on Sunday which was signed by their deputy director, Kolawole Oluwadare.

The federal government had recently paid N625.43billion oil derivation refunds to the governors of Edo, Abia, Rivers, Ondo, Imo, Akwa Ibom, Bayelsa, Cross River and Delta states.

The payments covered 13 percent oil derivation, subsidy and SURE-P refunds. The refunds date from 1999 to 2021.

“We would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we haven’t heard from you by then, SERAP shall take all appropriate legal actions to compel you and your state to comply with our request in the public interest,” SERAP’s letter reads in part.

This article was updated 1 month ago

BEFORE YOU GO...

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Copyright © – 2024 CIV DigiTech Media Ltd. All Rights Reserved