Okowa Replies Wike On 13% Derivation Arrears Paid To Niger Delta States
Delta State Gov. Ifenei Okwa hit back at Rivers Gov. Nesom Wake, who called on residents of oil-producing states to ask their governors how they use the 13% derivation arrears paid to all oil-producing states through the federal government.
newsonline Reports that the declared government said contrary to Wike’s statement that all oil-producing states had paid all the arrears of 13% owed since 1999 by President Buhari, Delta State had only received 14.7 billion naira.
At a news conference, on Tuesday, in Asaba, Delta State Commissioner forinanceidelis Telegi said the state government remains committed to transparency and accountability in all its financial dealings on behalf of the Statens.
He stated that, contrary to reports, Delta State received only N14.7 billion in three quarterly payments of N4.9 billion each.
According to him, the total amount owed to the state from the 13% derivation arrears is 240 billion naira, which the federal government has agreed to pay in quarterly installments for a period of five years.
“With the agreed amounts settled, some states contacted the commercial banks and deducted their entire funds and pooled the funds, but Governor Ifenei Okowa said he did not want to leave the next administration with a huge debt load,” he said.
“So far, the state government has received 14.7 billion naira in three quarterly instalments and we also got 30 billion naira out of the 100 billion naira we applied for as bridging financing,” Telegi explained.