The Federal Government on Monday mediated in the controversy raging between the Rivers and Akwa-Ibom states over ownerships of some oil wells that straddle their borderlines.
At a meeting that lasted over three hours, President Olusegun Obasanjo was able to make governors of both states reconcile their positions on the ownership of some the oil wells along their borders….
Numbers of oil wells located within a state boundary is a major indicator in the calculation and allocation of revenue by the [Revenue Mobilisation Allocation and Fiscal Commission (RMFAC) chaired by Alhaji Hamma Tukur].
—FG resolves oil wells dispute between Rivers, A’Ibom states, Michael Faloseyi and Yomi Odunuga, Abuja, The Punch [Nigeria] July 15, 2004.
MoPress 
Leave a comment