Supreme Court halts FG’s move to cede oil wells to Imo - Punch Newspapers

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Supreme Court halts FG’s move to cede oil wells to Imo - Punch Newspapers
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The Supreme Court on Wednesday ordered the Federal Government to stay action on an alleged plan to cede 17 disputed oil wells located at Akri and Mbede, to Imo State.The apex court gave the order while ruling on an ex parte application brought before it by Emmanuel Ukala .

It made the order to prevent the alleged plan to cede the disputed wells to Imo State while the substantive suit instituted by the Rivers State Government is still pending before the court. The court restrained the Attorney General of the Federation as well as his counterpart in Imo State from taking any action regarding the ownership of the wells in dispute until the court resolves the ownership issues surrounding them.

It also ordered that the Revenue Mobilisation Allocation and Fiscal Commission and the Office of the Accountant General be barred from approving, implementing, or giving effect in any manner to a letter from the RMAFC office with reference number RMC/O&G/47/1/264 of July 1, 2021, which canceled the equal sharing of proceeds from the seventeen oil wells between Rivers and Imo States.

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