Oil and gas producing communities seeks derivation funds

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Petrol-tankers-NNPC

President Muhammadu Buhari has been urged to pay the 13% derivation fund for oil and gas producing communities directly to them.

A group, Concerned Leaders of the Rivers State Oil and Gas Producing Communities made the call in a statement circulated to newsmen.

The statement which was signed by the chairman and secretary of the group, Mr. James Njoku and Amb. (Mrs.) Lucy Ikiriko, respectively, described the continued payment of the revenue allocation through state governors as illegal.

According to the leaders, over N44 trillion of the said fund has been mismanaged, embezzled and diverted since its introduction.

The leaders lamented that despite the huge revenue allocation, there are no noticeable infrastructural facilities on ground in the oil-rich Niger Delta region to indicate that such money has been expended.