Wike seeks 13% derivation from $1 billion insurgency fund

Wike seeks 13% derivation from $1 billion insurgency fund

- Nyesom Wike has urged the federal government to release Rivers state's 13% derivation from the $1 billion insurgency fund

- Wike said it is mandatory for the constitutional procedure to be followed

- According to the governor, all the all oil producing state should be paid the 13% derivation withdrawn from the Excess Crude Account

The governor of Rivers state, Nyesom Wike, has demanded that the federal government pay his state its 13% derivation fund from the $1 billion recently withdrawn from the Excess Crude Account.

Speaking on Sunday during the Leadership Newspaper Governor of the Year award for 2017 presented to him in Abuja, Wike said it is mandatory for the constitutional procedure to be followed, Punch reports.

He said he had been officially approached to lobby the Rivers state House of Assembly to approve the resolution mandating the withdrawal of the said funds.

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Wike noted that oil producing states should be paid the 13% from the funds withdrawn. The governor said that while the state government was not against the fight against insurgency, all the required constitutional procedures must be respected.

“They have approached us to lobby for the passage of a resolution by the State House of Assembly approving the $1 billion withdrawn from the Excess Crude Account to fight insurgency.

“The law is clear. You must remove 13 per cent derivation for oil-producing states from oil proceeds. We cannot be stampeded into doing the wrong thing.

"So, where is the 13 per cent derivation for oil-producing states? In fighting insurgency, you must respect the law. If you criticise the government, they deny the state funds due to it. This is a government that claims that it is fighting corruption,” the governor added.

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Meanwhile, NAIJ.com earlier reported that the federal government had warned Wike over undue utterances against it.

The federal government said the governor should thank his stars that he enjoys immunity from prosecution.

This reaction from the federal government followed assassination allegation leveled by Wike against the All Progressives Congress (APC) -led federal government.

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Source: Naija.ng

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