Sunday, April 21, 2024

17 oil wells: Imo loses to Rivers

The sharing of revenue between Rivers State and Imo State due to the disputed 17 oil wells has ended as the Supreme Court has ruled in favour of Rivers.

In its verdict delivered on earlier today, the appex court decided that the oil wells located in Ndoni and Egbema communities belong to Rivers.

There was previously a political arrangement put in place by the federal government for the revenue from the disputed wells to be shared equally between the two states.

However, when Emeka Ihedioha became governor in 2019, a presidential memo directed that all the revenue should go to Imo.

But the Rivers state government filed a suit against the presidential directive.



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