Home » Latest Politics, State News » States sue FG, want Excess Oil Funds in S’Court’s custody

States sue FG, want Excess Oil Funds in S’Court’s custody

SOME states of the federation, opposed to the newly launched Sovereign Wealth Fund (SWF), have sued the Federal Government.

Their action followed the failure of the states and the central government to resolve the legality and propriety of the SWF through dialogue.

The suit came three years after the Federal Government opted for an out-of court settlement with the state, on the legality of the oil funds.

Before the Supreme Court yesterday, 23 of the 36 states filed a fresh application, praying for an injunction stopping the Federal Government from tampering with the funds domiciled in the Excess Crude Account.

Even deductions from the Federation Account by the Federal Government to execute some power projects and the railway modernisation scheme are being contested by the states.

The states also want their share of the monies from the sale of federal landed property and revenue generated by its parastatals and agencies.

They further asked the apex court to order the transfer of the funds in the Excess Crude Account into its (court’s) custody pending the determination of the substantive suit, where they challenged the constitutionality or legality of the Excess Crude Account.

The states are Kogi, Bauchi, Osun, Nassarawa, Rivers, Plateau, Ogun, Ekiti, Lagos, Kwara, Borno, Imo and Cross River.

Others are Bayelsa, Yobe, Benue, Edo, Taraba, Niger, Kano, Gombe, Oyo and Sokoto.

In the suit filed on behalf of the states by Chief Adogbeya Solomon Awomolo (SAN) and brought pursuant to Order 3 Rules 1 and 14 of the Supreme Court Rules (as amended), the states asked the Supreme Court to restrain the Federal Government and its agencies from making any withdrawals from the account styled the “Excess Crude Account” or any account replacing it by any name pending the hearing and determination of the case.

The states also want all monies standing to the credit of Excess Crude Account or any account replacing it be paid into Supreme Court or be otherwise secured as the court might deem fit pending the conclusion of the matter.

In 2008, a dispute broke out between the Federal and state governments over the Excess Crude Account leading to some states embarking on separate legal actions against the Federal Government. These actions, being of the same subject matter – Excess Crude Account – were later consolidated by the apex court.

Although the Federal Government opened the door to horse-trading with the aggrieved states by initiating at the Supreme Court an out-of-court settlement, The Guardian had reported on January 26, 2009 that the negotiations had almost broken down irredeemably, a position, which seems to be buttressed by the present application for interlocutory injunction.

Awomolo predicated the current suit on the following grounds:

• this suit challenging the legality and constitutionality of the Excess Crude Account, had been filed since 2008;

• the respondent had caused appearance of counsel, frustrated negotiation and joined issues with the plaintiff; and

• the government of the federation and its officers have consistently and in total disregard for this pending suit withdrawn, utilised, disbursed and allocated funds from the account and had nearly depleted the sum of N5.51 trillion being the balance on the account as at 2008 when the case was instituted.

Awomolo further said the respondent and the government of the Federation had announced its intention to withdraw, disburse and utilize another $1 billion from the credit balance from the account in disregard to the subsisting suit and in disrespect for the authority of the Supreme Court.

He said unless the order of injunction was granted, the government would continue to disregard, disrespect and ignore the pending suits in the Supreme Court as if it does not exist.

According to him, the conduct of the government and its officials violated the principle of the rule of law and breached the independence of the judiciary.

Awomolo said: “The conduct of the respondent and the government of the Federation, its ministers, officials and privies in continuous dealing with Excess Crude Account is a violation of the principle of rule of law handed down by the Supreme Court in the case of Governor of Lagos vs Odumegwu Ojukwu (1986) pt 1 NSCC 304 and Rotimi Chibuike Amaechi vs INEC (2008) 5 NWLR (PT 1080) 277.”

“The proposed disbursement of $1 billion by the respondent, the states argued would “create a state of fait accompli and helplessness, if not stopped immediately.

“The conduct of the Federal Government is executive lawlessness and impunity,” he stated.

The states said it is in the interest of justice, preservation of integrity of the Supreme Court and the rule of law that this application be granted.

They also asked the court to order the government to render full and proper account of accruals to and disbursements from the Federation Account from 2004 to 2007.

Similarly, the states prayed the court to compel the government to pay earnings from the excess crude account totalling N17 billion into the Federation Account.

The Federal Government had set up a committee under the leadership of the Vice President to hold talks with states so as to resolve the dispute amicably.

When the Federal Government set up the committee, the states decided to stop the court action.

But the discussion between the states and Federal Government collapsed when President Goodluck Jonathan delegated the chairmanship of the negotiating team to then Minister of State for Finance, Mr. Remi Babalola.

Babalola had at one of the meetings told the states that they could not come to the negotiation table with their lawyers. The states, which were uncomfortable with the condition, withdrew from the negotiations and briefed their lawyers to intensify their agitations in court.

In the substantive suit filed by Oyo State, which reflects the same demands by the other states, it wants a declaration that the government of the Federation is mandatorily obliged by the combined effect of Section 162(1) and (10) of the 1999 Constitution to pay into the Federation Account income accruing from “signature bonus.”

It asked the court to direct the government of the Federation to pay to the plaintiff (Oyo) N2.1 billion being the lawful share of Oyo State in the income, which accrued from signature bonus received by the Federal Government between 2004 and 2007.

The Oyo government also prayed the apex court to order the central government to pay it N1.55 billion being the lawful share of its 33 local councils in the income, which accrued from signature bonus received by the government of the Federation between 2004 and 2007.

On the dividend from Nigeria Liquefied Natural Gas (NLNG), Oyo asked for a declaration that the Federal Government is mandatorily obliged by the combined effect of Section 162(1) and (10) of the 1999 Constitution to pay into the Federation Account income or return by way of dividends paid in respect of shares held by the government of the Federation, through the Nigerian National Petroleum Corporation (NPC) in the NLNG.

It sought the payment of N870 million being its share of the income or return by way of dividends received in respect of shares held by the Federal Government through the NNPC in the NLNG between 2004 and 2007.

Other prayers sought by Oyo state are the payment of N670 million as the lawful share of the 33 councils in the income or return by way of dividends received in respect of shares in NLNG.

The proceeds of the sale of government property are also being contended by the states.

Oyo government also wants N1.3 billion from the money and N1.1 billion as the share of its councils from the said transactions.

Another prayer of the state government is the payment of its share of the privatisation proceeds, which it alleged amounted to

N4.2 billion from 2004 to 2007 and N3.3 billion for the 33 councils.

For proceeds from education tax, Oyo said it is entitled to N910 million and N700 million for the councils.

The state government also wants to take the sum of N2.4 billion and N1.8 billion for the councils from the internally generated revenue of Federal ministries, parastatals and agencies from 2004 to 2007.

On excess crude, the state government sought a declaration that the establishment and maintenance of the Excess Crude Account and the payment thereto of crude oil earnings and oil taxes (Petroleum Profits Tax and Royalties) in excess of the oil price benchmark set by the Federal Government (or the payment thereto of any crude oil earnings and oil taxes) is illegal and unconstitutional.


xosotin chelseathông tin chuyển nhượngcâu lạc bộ bóng đá arsenalbóng đá atalantabundesligacầu thủ haalandUEFAevertonxosokeonhacaiketquabongdalichthidau7m.newskqbdtysokeobongdabongdalufutebol ao vivofutemaxmulticanaisonbethttps://bsport.fithttps://onbet88.ooohttps://i9bet.bizhttps://hi88.ooohttps://okvip.athttps://f8bet.athttps://fb88.cashhttps://vn88.cashhttps://shbet.atbóng đá world cupbóng đá inter milantin juventusbenzemala ligaclb leicester cityMUman citymessi lionelsalahnapolineymarpsgronaldoserie atottenhamvalenciaAS ROMALeverkusenac milanmbappenapolinewcastleaston villaliverpoolfa cupreal madridpremier leagueAjaxbao bong da247EPLbarcelonabournemouthaff cupasean footballbên lề sân cỏbáo bóng đá mớibóng đá cúp thế giớitin bóng đá ViệtUEFAbáo bóng đá việt namHuyền thoại bóng đágiải ngoại hạng anhSeagametap chi bong da the gioitin bong da lutrận đấu hôm nayviệt nam bóng đátin nong bong daBóng đá nữthể thao 7m24h bóng đábóng đá hôm naythe thao ngoai hang anhtin nhanh bóng đáphòng thay đồ bóng đábóng đá phủikèo nhà cái onbetbóng đá lu 2thông tin phòng thay đồthe thao vuaapp đánh lô đềdudoanxosoxổ số giải đặc biệthôm nay xổ sốkèo đẹp hôm nayketquaxosokq xskqxsmnsoi cầu ba miềnsoi cau thong kesxkt hôm naythế giới xổ sốxổ số 24hxo.soxoso3mienxo so ba mienxoso dac bietxosodientoanxổ số dự đoánvé số chiều xổxoso ket quaxosokienthietxoso kq hôm nayxoso ktxổ số megaxổ số mới nhất hôm nayxoso truc tiepxoso ViệtSX3MIENxs dự đoánxs mien bac hom nayxs miên namxsmientrungxsmn thu 7con số may mắn hôm nayKQXS 3 miền Bắc Trung Nam Nhanhdự đoán xổ số 3 miềndò vé sốdu doan xo so hom nayket qua xo xoket qua xo so.vntrúng thưởng xo sokq xoso trực tiếpket qua xskqxs 247số miền nams0x0 mienbacxosobamien hôm naysố đẹp hôm naysố đẹp trực tuyếnnuôi số đẹpxo so hom quaxoso ketquaxstruc tiep hom nayxổ số kiến thiết trực tiếpxổ số kq hôm nayso xo kq trực tuyenkết quả xổ số miền bắc trực tiếpxo so miền namxổ số miền nam trực tiếptrực tiếp xổ số hôm nayket wa xsKQ XOSOxoso onlinexo so truc tiep hom nayxsttso mien bac trong ngàyKQXS3Msố so mien bacdu doan xo so onlinedu doan cau loxổ số kenokqxs vnKQXOSOKQXS hôm naytrực tiếp kết quả xổ số ba miềncap lo dep nhat hom naysoi cầu chuẩn hôm nayso ket qua xo soXem kết quả xổ số nhanh nhấtSX3MIENXSMB chủ nhậtKQXSMNkết quả mở giải trực tuyếnGiờ vàng chốt số OnlineĐánh Đề Con Gìdò số miền namdò vé số hôm nayso mo so debach thủ lô đẹp nhất hôm naycầu đề hôm naykết quả xổ số kiến thiết toàn quốccau dep 88xsmb rong bach kimket qua xs 2023dự đoán xổ số hàng ngàyBạch thủ đề miền BắcSoi Cầu MB thần tàisoi cau vip 247soi cầu tốtsoi cầu miễn phísoi cau mb vipxsmb hom nayxs vietlottxsmn hôm naycầu lô đẹpthống kê lô kép xổ số miền Bắcquay thử xsmnxổ số thần tàiQuay thử XSMTxổ số chiều nayxo so mien nam hom nayweb đánh lô đề trực tuyến uy tínKQXS hôm nayxsmb ngày hôm nayXSMT chủ nhậtxổ số Power 6/55KQXS A trúng roycao thủ chốt sốbảng xổ số đặc biệtsoi cầu 247 vipsoi cầu wap 666Soi cầu miễn phí 888 VIPSoi Cau Chuan MBđộc thủ desố miền bắcthần tài cho sốKết quả xổ số thần tàiXem trực tiếp xổ sốXIN SỐ THẦN TÀI THỔ ĐỊACầu lô số đẹplô đẹp vip 24hsoi cầu miễn phí 888xổ số kiến thiết chiều nayXSMN thứ 7 hàng tuầnKết quả Xổ số Hồ Chí Minhnhà cái xổ số Việt NamXổ Số Đại PhátXổ số mới nhất Hôm Nayso xo mb hom nayxxmb88quay thu mbXo so Minh ChinhXS Minh Ngọc trực tiếp hôm nayXSMN 88XSTDxs than taixổ số UY TIN NHẤTxs vietlott 88SOI CẦU SIÊU CHUẨNSoiCauVietlô đẹp hôm nay vipket qua so xo hom naykqxsmb 30 ngàydự đoán xổ số 3 miềnSoi cầu 3 càng chuẩn xácbạch thủ lônuoi lo chuanbắt lô chuẩn theo ngàykq xo-solô 3 càngnuôi lô đề siêu vipcầu Lô Xiên XSMBđề về bao nhiêuSoi cầu x3xổ số kiến thiết ngày hôm nayquay thử xsmttruc tiep kết quả sxmntrực tiếp miền bắckết quả xổ số chấm vnbảng xs đặc biệt năm 2023soi cau xsmbxổ số hà nội hôm naysxmtxsmt hôm nayxs truc tiep mbketqua xo so onlinekqxs onlinexo số hôm nayXS3MTin xs hôm nayxsmn thu2XSMN hom nayxổ số miền bắc trực tiếp hôm naySO XOxsmbsxmn hôm nay188betlink188 xo sosoi cầu vip 88lô tô việtsoi lô việtXS247xs ba miềnchốt lô đẹp nhất hôm naychốt số xsmbCHƠI LÔ TÔsoi cau mn hom naychốt lô chuẩndu doan sxmtdự đoán xổ số onlinerồng bạch kim chốt 3 càng miễn phí hôm naythống kê lô gan miền bắcdàn đề lôCầu Kèo Đặc Biệtchốt cầu may mắnkết quả xổ số miền bắc hômSoi cầu vàng 777thẻ bài onlinedu doan mn 888soi cầu miền nam vipsoi cầu mt vipdàn de hôm nay7 cao thủ chốt sốsoi cau mien phi 7777 cao thủ chốt số nức tiếng3 càng miền bắcrồng bạch kim 777dàn de bất bạion newsddxsmn188betw88w88789bettf88sin88suvipsunwintf88five8812betsv88vn88Top 10 nhà cái uy tínsky88iwinlucky88nhacaisin88oxbetm88vn88w88789betiwinf8betrio66rio66lucky88oxbetvn88188bet789betMay-88five88one88sin88bk88xbetoxbetMU88188BETSV88RIO66ONBET88188betM88M88SV88Jun-68Jun-88one88iwinv9betw388OXBETw388w388onbetonbetonbetonbet88onbet88onbet88onbet88onbetonbetonbetonbetqh88mu88Nhà cái uy tínpog79vp777vp777vipbetvipbetuk88uk88typhu88typhu88tk88tk88sm66sm66me88me888live8live8livesm66me88win798livesm66me88win79pog79pog79vp777vp777uk88uk88tk88tk88luck8luck8kingbet86kingbet86k188k188hr99hr99123b8xbetvnvipbetsv66zbettaisunwin-vntyphu88vn138vwinvwinvi68ee881xbetrio66zbetvn138i9betvipfi88clubcf68onbet88ee88typhu88onbetonbetkhuyenmai12bet-moblie12betmoblietaimienphi247vi68clupcf68clupvipbeti9betqh88onb123onbefsoi cầunổ hũbắn cáđá gàđá gàgame bàicasinosoi cầuxóc đĩagame bàigiải mã giấc mơbầu cuaslot gamecasinonổ hủdàn đềBắn cácasinodàn đềnổ hũtài xỉuslot gamecasinobắn cáđá gàgame bàithể thaogame bàisoi cầukqsssoi cầucờ tướngbắn cágame bàixóc đĩa开云体育开云体育开云体育乐鱼体育乐鱼体育乐鱼体育亚新体育亚新体育亚新体育爱游戏爱游戏爱游戏华体会华体会华体会IM体育IM体育沙巴体育沙巴体育PM体育PM体育AG尊龙AG尊龙AG尊龙AG百家乐AG百家乐AG百家乐AG真人AG真人<AG真人<皇冠体育皇冠体育PG电子PG电子万博体育万博体育KOK体育KOK体育欧宝体育江南体育江南体育江南体育半岛体育半岛体育半岛体育凯发娱乐凯发娱乐杏彩体育杏彩体育杏彩体育FB体育PM真人PM真人<米乐娱乐米乐娱乐天博体育天博体育开元棋牌开元棋牌j9九游会j9九游会开云体育AG百家乐AG百家乐AG真人AG真人爱游戏华体会华体会im体育kok体育开云体育开云体育开云体育乐鱼体育乐鱼体育欧宝体育ob体育亚博体育亚博体育亚博体育亚博体育亚博体育亚博体育开云体育开云体育棋牌棋牌沙巴体育买球平台新葡京娱乐开云体育mu88qh88

Short URL: http://newnigerianpolitics.com/?p=14128

Posted by on Oct 24 2011. Filed under Latest Politics, State News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

YCE, Yoruba Ronu disagree on alleged disgrace of monarchs by Obasanjo


Emefiele: DSS release detained CBN Deputy Governor


Browse Today’s Politics

Featuring Top 5/7 of Today's Politics

Our fear is that Akpabio cannot checkmate the ‘Yorubanisation’ of the financial system – Northern Senators

Browse Africa & World Politics

Featuring Top 3/2344 of Africa & World Politics

Browse National Politics

Featuring Top 5/1313 of National Politics

Pastor Enoch Adeboye: Ask God to kill me if…

Browse NNP Columnists

Featuring Top 10/1554 of NNP Columnists

Presidential Tribunal: Babatunde Fashola denies writing judgment, petitions Twitter to reveal fake news source



Group alleges plot to subvert justice at presidential election petition tribunal


October 2011
« Sep   Nov »

© 2023 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes