Fidelity bank card banner Camano banner
Imo lawmakers demand N40 billion unpaid oil rates

By News Express on 21/06/2015

Views: 2,267

The Imo State House of Assembly has passed a bill urging the State Governor, Rochas Okorocha, to demand the immediate payment of outstanding ground rents and other statutory payments, amounting to 40 billion naira from oil companies operating in the state since 1978.

As contained in the bill, the governor is expected to direct the Chairman of the Board of Internal Revenue in the state to mandate the companies to pay up all outstanding ground rent and other statutory payments owed the since the said period.

It also directed the oil companies to henceforth pay all entitlements due the state as at when due.

While deliberating on a motion moved by the member representing Oguta State Constituency, Honourable Henry Ezediaro, the House decried the continued short-changing of the state by oil companies, stating that the companies have capitalised on the peaceful disposition of the people to deny them of their rights and privileges.

The motion, which was supported by three other House members, maintained that with the present economic challenges facing the nation and its resultant effect on state governments, the House would explore all channels to assist the Executive Arm of Government in generating additional funds, to enable it render services to the people of the state.

The Lawmakers decried the actions and negligence of the plights of their host communities in the area of providing social amenities, stressing that such will no longer be tolerated.

However, a nine-man committee was set up to supervise the debt recovery, interface with the oil companies and report their findings to the House within 60 days.

•Sourced from Channels TV. Photo shows Governor Okorocha.

Source News Express

Posted 21/06/2015 05:15:40 AM





You may also like...
Bayelsa governorship aspirant decries intellectual poverty amongst Ijaws...

2015: ‘Jonathan’s aide behind plot to scheme out...

Hajj 2017: Saudi Arabia gives June deadline to...

Nigeria needs proper resource management framework — NNRC...

Bayelsa Int’l Airport: Dickson seeks security, technical support...

81 Division gets new GOC

Herdsmen destroy N10 billion farmlands in Adamawa

What African entrepreneurs need to succeed — Ekeh...

Power-solutions theme draws largest-ever entries in NLNG’s Science...

BREAKING NEWS: South South Governors summon emergency meeting...

Obiano, Okowa hail Super Eagles for picking 2018...

PDP Govt. the greatest enemy of Rivers —State...


Latest News Herdsmen: Ohanaeze youths declare state of emergency in South-East •Task state governors 3 Nigerians, 4 others arrested for hacking into 2,000 accounts in India Soldier, 2 NSCDC personnel killed in Ogoni by cultists, illegal oil bunkerers Face-off: Bode George should shut up, leave PDP — Jimi Agbaje 6 suspected telecom mast vandals nabbed in Rivers Ikpeazu appoints Transition Chairmen, deputies for Abia councils NYSC to communicate payment of new N30,000 allowance to corps members Leadership failure Nigeria’s biggest problem — Obi Police begin investigation of abduction, attack in Enugu 20 per cent of teachers in Bauchi State payroll are ghost workers — Gov Project cost: FG to stop outsourcing foreign professionals Appeal Court upholds Ihedioha’s election as Imo Governor


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (494,246 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (425,376 views) Shameless Genevieve Nnaji exposes breasts in public (365,147 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (311,789 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (276,098 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (243,918 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (233,851 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (215,764 views) 10 cars more expensive than Jets (212,451 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (204,345 views) Lagos plane crash: Journalist releases victims’ names (184,443 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (183,784 views)


NNPC Financial reports February 2019

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (93) Business & Economy (4,308) Business Verdict (73) Columnists (1,051) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (623) Features (761) Global Business Monitor (378) ICT Monitor (53) International (3,592) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (302) News (47,416) Opinion (1,260) Pidgin (17) Politics (11,023) Religion (1,022) Sports (2,043) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera