Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.
SERAP has asked the Nigerian National Petroleum Company Limited to account for a missing N500 billion and involve anti-corruption agencies in investigating the matter, citing a World Bank report.
ICPC and FIRS have initiated discussions to strengthen their efforts in tackling financial tax frauds and corruption-related issues, with a focus on information sharing, joint investigations, and capacity building.
Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.
Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.