Akwa Ibom State leaders have charged the federal government to immediately release all arrears of derivation funds accruing to oil-producing states or risk court action.

The stakeholders, organised under the aegis of Akwa Ibom Leaders Vanguard, told newsmen in Uyo, the state capital, on Thursday that the non-payment of the 13 per cent has stalled major developmental projects of the state government.

The Elders, who spoke through a former National Publicity of the Peoples Democratic Party (PDP), Senator Anietie Okon, said the FG’s action was inimical to the interests of the state.

The group insisted that the reason given by FG for withholding the 13% derivation fund was not tenable, and therefore threatened to proceed to court to stop multinational oil companies operating in the Niger Delta from remitting monies to the FG coffers.

“We demanded without delay; the release of all arrears of derivation funds accruing to oil-producing states including an upward review of the fund to 50 per cent.

”For more than four months, the 13% derivation has been withheld by the Federal Government, the reason for this abnormality is said to be the dwindling economy due to the Corona Virus pandemic

”Akwa Ibom Leaders’ Vanguard views this as a total disregard to the provisions of the Nigerian Constitution of the Federal Republic of Nigeria; a gross insensitivity and disregard for the people of oil producing states of Nigeria. It is regarded as an affront on the good people of the Niger Delta region.

”Akwa Ibom Leaders’ Vanguard ponders on the ease with which the Presidency and the APC-led Federal Government pours scorn on the people of the Niger Delta, the goose that lays the golden eggs for all to eat.

“They are taking the relative peace in the zone maintained by the peace loving elders of the zone for granted and are dancing on the keg of gun powder”, Okon said.

He reminded the Federal Government that the Northern states are mining their gold and other solid minerals without contributing a dime to the national treasury while sharing in the oil proceeds from the south-south zone of the country. “This is cheating of the highest order”. he said

Sen Okon maintained that the position of the elders was that the country should be restructured as the people of the South-South could no longer shoulder the burden of having its resources drained without commensurate benefits. (Daily Independent)

Update news