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Supreme Court Declares Rivers Owners of 17 Disputed Oil Wells
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Rivers State floored Imo State at the Supreme Court on Friday over the disputed 17 oil wells.
The court in its judgement also ended the political arrangement on the sharing of revenue from the oil wells.
The apex court ruled that the oil wells located in Ndoni and Egbema communities belong to Rivers in its verdict.
The Supreme Court, had February 2022 fixed May 6 for judgment in the legal battle between Rivers and Imo states over the ownership of 17 oil wells in their territories.
The apex court fixed the date after taking arguments from lawyers to the parties.
Justice Olukayode Ariwoola, who led a panel of justices of the apex court, fixed the date after the adoption of the final written addresses by the lawyers.
The plaintiff in the matter, represented by a former President of the Nigerian Bar Association, Joseph Daudu (SAN), while adopting his final address, asked the apex court to give judgment in favour of Rivers State on the grounds that historical evidence right from 1927 till date clearly indicated that the oil wells belongs to the state.
Daudu drew the attention of the Supreme Court to the boundary adjustment paper of 1976, where Ndoni and Egbema were confirmed to belong to Rivers State.
He disagreed with the Attorney-General of the Federation in his claim that adjudication in the suit ought not to have originated from the Supreme Court but a Federal High Court, because oral evidence ought to be taken from the people of the area.
Daudu said the Supreme Court had original jurisdiction and could conveniently use all available sufficient historical documents right from the colonial era to determine the real owners of the oil wells.
In his own arguments, counsel for Imo State, Chief Olusola Oke (SAN), asked the apex court to dismiss the suit on the grounds that it ought to have originated from the Federal High Court.
Oke claimed that because of the nature of the matter, oral evidence ought to be called from the people of the area to confirm where they actually belong.
According to him, Rivers State ought not to have started the suit from the Supreme Court and he prayed the court to dismiss it.
In the same vein, counsel for the AGF, Dr Remi Olatubora (SAN), aligned himself with the position of Imo State to the effect that proper procedure for such a suit was not adopted by Rivers State.
Although Olatubora claimed that the AGF was neutral in the matter, he, however, said scientific evidence must be considered along with open court hearing for the Supreme Court to make good findings.
Justice Ariwoola announced May 6, 2022 for judgment in the matter.
The Allied Peoples Movement (APM) presidential candidate, Seyi Makinde, on Thursday, criticised President Bola Tinubu’s “Emi Lokan” slogan ahead of the 2027 presidential election.
Makinde said Nigerians do not need “turn-by-turn nepotism”, arguing that voters should be free to decide who becomes the country’s next president in 2027.
The Oyo State governor spoke during the APM’s town hall meeting in Akure, Ondo State.
Makinde asked: “How can someone say ‘Eemi lokan’ in a country like Nigeria? You were given the opportunity. If you recall the 1999 presidential election, the South-West voted massively for Baba Olu Falae, but the rest of Nigerians voted for Baba Obasanjo. So, this is not an issue that only the South-West can resolve; it is an issue we must address collectively as Nigerians.
“We do not want ‘turn-by-turn nepotism’, nor do we want a situation where people say, ‘I will vote for projects because it is my turn’. You will not finish those projects, and when it becomes someone else’s turn, they will do the same thing. We will end up with a Nigeria where we cannot get value for the resources belonging to Nigerians.
“The Reset Nigeria agenda is about building a country where infrastructure development supports economic growth and addresses the concerns of young people and women.
“Once we fix our economy, no zone will be left behind, and no demographic group will be left behind.”
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has denied saying the Federal government will introduce a fuel tax when the economy stabilises and income levels improve.
In a post on X on Tuesday, Oyedele said his remarks during an interview with ARISE News was misrepresented, insisting that a “fuel tax is not on the table.”
However, during the interview with Rotus Odiri, ARISE News Business Correspondent, on the sidelines of the 2026 International Monetary Fund and World Bank annual meetings in Bangkok, Thailand, Oyedele said the tax would come when income levels improve enough for Nigerians to accommodate it.
He said taxes account for between 20 and 80 percent of pump prices in some countries, while many African countries impose between six and 10 different taxes on fuel products.
He said introducing fuel tax while petrol was still subsidised would have been counterproductive because government would effectively be paying the tax itself.
According to him, imposing the tax immediately after removal of petrol subsidy would be insensitive to Nigerians.
“The objective should be that instead of trying to suppress prices, which hasn’t worked for us, it hasn’t worked for any country in the world, not one. Instead of trying to suppress prices, think about how to grow income faster than prices rise,” Oyedele said.
“That’s how you bring prosperity and grow the middle class and that is exactly what we are doing as led by Mr. President himself.
“At the appropriate time, when the economy has stabilizes and income level will be able to accommodate it, those taxes will come. Not because we want to impose taxes,” he added.
In his Tuesday post, the minister reiterated that introducing a fuel tax at this time would be insensitive following removal of petrol subsidy, describing reports that government will introduce the levy when the economy stabilises as “fake news.”
A chieftain of the African Democratic Congress (ADC), and Deputy Director of the Presidential Campaign Council, Chief Dele Momodu, has described former Vice-President Atiku Abubakar as the most nationally formidable and experienced among the leading contenders for the 2027 presidential election.
Momodu said Atiku’s experience at the national level distinguishes him from President Bola Tinubu and former Anambra State Governor, Peter Obi.
He stated this on Wednesday during an interview on Eagle 102.5 FM, Ilese-Ijebu, in Abeokuta.
“If you look at the antecedents of the three major candidates, between Atiku Abubakar and Peter Obi, you will see that Atiku is the most experienced. He has managed our country at the highest level,” he said.
Momodu traced Atiku’s political journey to the 1992 Social Democratic Party (SDP), presidential primary where he contested against late MKO Abiola and stepped down for him.
He said Atiku accepted the outcome without crisis even after he was not picked as Abiola’s running mate, describing it as a mark of true democratic temperament.
“He is the only one who started from around 1992, contested the SDP primary against Abiola and stepped down with uncommon equanimity. He did not make any noise,” Momodu said.
He noted that Atiku was among the founders of the Peoples Democratic Party, PDP, and served as Vice-President from 1999 to 2007.
Comparing Atiku with Obi, Momodu argued that while Obi’s best was demonstrated in Anambra, Atiku’s was at the presidency level managing the national economy.
“Peter Obi has tried his best in Anambra, while Atiku’s best is at the level of vice president controlling the economy of Nigeria. The difference is clear. He has matured in experience and exposure,” he said.
Momodu also said President Tinubu’s experience was largely limited to Lagos.
“What I’m trying to say is that Tinubu’s experience was limited to Lagos, and that is why when he became president, he thought Nigeria was Lagos. And he has found out now that Nigeria is not Lagos,” he said.
He argued that the current economic hardship under the present administration did not show prosperity, insisting Atiku remained better positioned to lead the country.
“Well, we are yet to see that prosperity, and if yesterday would determine today and tomorrow, it is obvious that Tinubu should retire now and let someone else do it,” Momodu added.
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