Justice Taiwo Taiwo of the Abuja Division of the Federal High Court on Tuesday, ordered the federal government to pay a total sum of over $3.3 billion to both Rivers and Akwa Ibom States, being their share of revenue from crude oil sales.
The amount represents what the two states separately claimed against the federal government as their share from the $62 billion recovered from the oil companies. According to him, the mere notice of intention to defend the case without joining issues with the plaintiffs was a fatal error on the part of the federal government and was not enough in any court matter.
Justice Taiwo, in addition, rejected the assertion of the federal government that it cannot pay the money it did receive from crude oil sales, adding that the defendant ought to have filed bonafide defence to explain its position in respect of the $62 billion oil earnings as required by law.
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