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SERAP
Give Account Of How You Spent N625bn, SERAP Urges Oil Producing States
Fred Omotara, Lagos
The Socio-Economic Rights and Accountability Project (SERAP) on Monday asked the nine oil producing States in Nigeria to give account of how they spend N625bn shared to them by the Federal Government.
In a post on its website, SERAP urged the nine oil producing states in Nigeria to provide and widely publish details of spending of the oil derivation refunds of N625bn recently paid to them by the Federal Government, including details and locations of projects executed with the money.
According to SERAP, “Ondo State got N3.7billion while N12.8 billion was paid to Rivers State.
“The nine oil producing Sates also received N4.7 billion each, totalling N42.34 billion as refunds on withdrawals for subsidy & SURE-P from 2009 to 2015.
“The Federation Account also paid N3.52billion each as refund to local government councils on withdrawals for subsidy and SURE-P from 2009 to 2015.”
