Home Finance Oil derivation shortfall of $951m Diri Tells FG to implement Court Judgement 

Oil derivation shortfall of $951m Diri Tells FG to implement Court Judgement 

by Business News Report

Bayelsa State Governor Douye Diri has appealed to the Federal Government to implement Monday’s Abuja Federal High Court judgement ordering the payment of $951 million as shortfall in oil derivation revenue due to the state. Diri made the appeal in his first public reaction to the judgement in Yenagoa. In a statement signed by his Chief Press Secretary, Mr, Daniel Alabrah, the governor said the money was due to the state based on the Constitution and the 13 per cent derivation principle.

His words: ” Let me use this opportunity to appeal to the Federal Government to please implement the consent judgement that has been delivered. We are prepared for dialogue to ensure that we have a smooth relationship with the Federal Government. We believe that governments are one and the same and we have the task of protecting and bringing peace to our country.  Litigations would not bind us together as a people.

What is right is right. Clearly, these are monies and finances that are due to Bayelsa State by the Constitution and the 13/per cent derivation principle.”

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