13 February 2013

Nigeria: Derivation Fund - Oil Producing Communities in Ondo Demand Direct Payment

Akure — OIL Producing Communities in Ondo State yesterday, demanded for a direct remittance of the oil mineral Derivation Fund to them by the Federal Government.

Representatives of oil communities in the two coastal councils of Ilaje and Ese-Odo, under the aegis of the state branch of Oil and Gas-Producing Communities of Nigeria, OGPCN, from Ondo State, after a meeting in Akure, appealed to the Federal Government to follow the provision of the Constitution to the letter.

In a communiqué by Ondo OGPCN Chairman, Chief Adewale Omojuwa, and the Secretary, Dr. Soji Omowole, the communities said "We haveresolved that the 13 percent Derivation Fund as established under Section 162 (2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), should be released to oil and gas-producing communities."

Copyright © 2013 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.