• 370

    USD/NGN

Excess Crude: Governors’ Forum Head Back To Court

Excess Crude: Governors’ Forum Head Back To Court

The Nigeria Governors` Forum (NGF) says it would be heading back to court to ensure that the federal government adheres to the constitution dictates which relates to the excess crude account.

According to a communique read by the forum’s chairman, Governor Chibuike Amaechi of Rivers state at the end of the forum’s meeting in Abuja, the NGF unanimously agreed on the decision after a long meeting which lasted till early hours of Thursday morning.

The forum had threatened to go to court in July on the matter but had also sought to explore the option of an out of court settlement with the federal government.

The governors also criticised the continued deduction of oil subsidy from the excess crude accounts, saying the deduction negated the principle of federalism and budgetary provision.

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NAIJ.com
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