The Supreme Court has ruled in favour of Rivers state over the disputed 17 oil wells with Imo state and has ended the political arrangement on the sharing of revenue, TheCable reports
In its verdict delivered on Friday, the court decided that the oil wells located in Ndoni and Egbema communities belong to Rivers.
There was previously a political arrangement put in place by the federal government for the revenue from the disputed wells to be shared equally between the two states.
However, when Emeka Ihedioha became governor in 2019, a presidential memo directed that all the revenue should go to Imo.
The Rivers state government swiftly filed a suit against the presidential directive.
More to follow…
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