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Tag: derivation principle

$951m Payment: Gov Diri Appeals To FG To Implement Court Judgement *Sues for Peace In Bayelsa Communities

$951m Payment: Gov Diri Appeals To FG To Implement Court Judgement *Sues for Peace In Bayelsa Communities

News Feature, Politics
Bayelsa State Governor, Senator Douye Diri, has appealed to the Federal Government to implement Monday's Abuja Federal High Court judgement ordering the payment $951 million as shortfall in oil derivation revenue due to the state. Governor Diri made the appeal in his first public reaction to the judgement on Wednesday inside the Executive Council Chambers in Government House, 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% derivation principle. Governor Diri, who said his administration was open to dialogue with the Federal Government to amicably resolve the matter, noted that constant litigations would not engender cordial relationship between states and the...