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Disclose Spending Of N625b Oil Derivation Refunds-SERAP To Govs Of Oil Producing States

by Present Nigeria
December 11, 2022
in News
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SERAP Condemns Increase in Electricity Tarrifs And Petrol Pump Price

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The Socio-Economic Rights and Accountability Project (SERAP) has asked Governors of the oil producing States to disclose the spending of the oil derivation refunds of N625bn recently paid to them by the Federal Government.

In a statement on Sunday, SERAP’s Deputy Director, Kolawole Oluwadare, wants the governors of the nine oil producing states to “provide and widely publish details of spending of the oil derivation refunds of N625bn recently paid to them by the Federal Government, including details and locations of projects executed with the money.”

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Recently, the current administration paid the oil derivation refunds to the governors of Abia, Akwa Ibom, Bayelsa, Delta, Edo, Rivers, Ondo, Imo and Cross River states. The payments which covered 13 per cent oil derivation, subsidy and SURE-P refunds, date from 1999 to 2021.

In the open letter, the rights group said,

“It is in the public interest to publish the details of spending of the refunds.

“Nigerians have the right to know how their states are spending the refunds. It is part of their legally enforceable human rights.”

“Disclosing the information would enable Nigerians to scrutinise the spending of the refunds.

” Publishing the details of the oil derivation refunds would also promote transparency and accountability in the spending of public funds,” the letter read in part.

“Widely publishing details of the spending of the oil derivation refunds would ensure that persons with public responsibilities are answerable to the people for the performance of their duties in the management of public funds.”

“We would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter.

“If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and your state to comply with our request in the public interest.

“The public interest in obtaining the information about expenditures relating to the oil derivation refunds outweighs any privacy or other interests.

” The oversight afforded by public access to such details would serve as an important check on the activities of your state and help to prevent abuses of the public trust.”

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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