Anambra State has reclaimed 10 oil wells previously attributed to Delta State due to boundary disputes. The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) verified that these wells belong to Anambra, and once officially approved, the state will receive 13% oil derivation revenue from the Federal Government.
This development is expected to boost Anambra’s economy, with the state government planning to establish a modular refinery in Osamala, Ogbaru LGA. The refinery will refine petroleum and diesel, create jobs, and stimulate economic growth.
Anambra’s oil production has been a long-standing issue, with the state previously fighting for recognition as an oil-producing state. In 2021, RMAFC approved the attribution of 11 oil wells to Anambra, making it eligible for the 13% derivation fund.
Apart from Anambra State, there is an ongoing conflict concerning 76 oil wells ceded to Akwa Ibom State from Cross River State some years ago. Cross River State is currently pushing for the return of the oil wells claiming that the judgement that ceded the oil wells we erroneous.
With the victory recorded by Anambra state, Akwa A’Ibom could now be on red alert to avert a similar fate.
Anambra State has successfully reclaimed 10 oil wells previously attributed to Delta State, following a verification by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).
Meanwhile, a heated dispute is brewing between Cross River and Akwa Ibom states over 76 oil wells, with both states claiming ownership.
The Cross River State government insists that the wells are within its maritime boundary, citing new findings and technical assessments. In contrast, Akwa Ibom State maintains that the Supreme Court has already ruled in its favor, with two separate judgments affirming its ownership.
The dispute has sparked tensions between the two states, with Governor Umo Eno of Akwa Ibom dismissing Cross River’s claims as “politically motivated” and “unhelpful”.