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RMAFC moves to resolve Niger Delta states’ oil field ownership tussle
['Obinna Ezugwu']
Business Hallmark
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has launched a verification exercise on disputed and newly drilled oil and gas fields in the Niger Delta, following petitions from state governments over ownership claims.
Leading an inter-agency team to the Aneize oil field in Okpai, Delta State, on Monday, RMAFC Chairman, Dr Mohammed Shehu, said the move was aimed at ending long-standing disputes and ensuring fair revenue sharing among oil-producing states.
We are reaffirming our commitment to accurately identifying disputed and newly drilled oil and gas wells to ensure justice and fairness in revenue allocation,” Shehu said.
According to him, geospatial data from the NUPRC will be validated in the presence of state surveyor-generals to guarantee accuracy.
“The goal is to ensure fair and transparent allocation of oil revenue, grounded in accurate data, while addressing disputes over ownership of vital energy assets,” Shehu said.
['tussle'
'delta'
'verification'
'oil'
'resolve'
'rmafc'
'states'
'moves'
'field'
'exercise'
'allocation'
'shehu'
'revenue'
'ownership'
'niger'
'commission'
'state']