Akwa Ibom commissioner clears air on 13% derivation arrears

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The Commissioner for Finance, Akwa Ibom State, Dr. Nsikan Linus Nkang, has cleared the air on recent issues surrounding the refund of the 13 per cent derivation arrears accruing to oil producing states in Nigeria, which Akwa Ibom is a beneficiary.

Addressing a press conference Monday, at the ICT center of the ministry, Nkang said it was pertinent to respond to issues which has been the trending topic on the media, especially the social media.

In his words: “The agitation for the refund of the arrears which were deducted from the earnings due to the oil-bearing states was undertaken by the affected governors, directly and through their officers at the Federation Accounts…



Source: Nigerian Tribune