Guardian
5 April 2011
THE Cross River Government has denied collecting N600 million from Akwa Ibom's share of the derivation fund as compensation for the loss of its oil wells.
The denial was contained in a statement issued in Calabar, by the Commissioner for Information and Orientation, Mr Patrick Ugbe.
It said: “Without joining issues with our sister state, we are however, amazed at the deliberate mis-information of the public.
“Cross River State has never earned N600 million or any amount in any month from Akwa Ibom State
The statement said that the N600 million being referred to was the amount Akwa Ibom used to earn when it was a non-derivation state, as compensation for environmental degradation.
“As has been stated repeatedly by the Cross River Governor, since the loss of our oil wells to Akwa Ibom, the state government receives only 50 per cent (half) of what is due to it as compensation for the loss of the wells,” it added.
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