Nigeria Audits Disputed Oil Wells to Settle Interstate Revenue Clashes
Nigeria’s fiscal allocation commission has launched a nationwide verification of disputed and newly drilled oil wells, beginning in Imo State. The exercise aims to resolve tense boundary conflicts and guarantee equitable payout of the 13 percent derivation fund. The technical audit seeks to bring transparency to federation revenue disbursements among oil-producing states.
The Revenue Mobilisation, Allocation, and Fiscal Commission, RMAFC, has commenced a nationwide verification exercise, targeting disputed and newly drilled oil and gas wells across the country. The exercise which was kicked off in Owerri, the Imo State capital is aimed at resolvin
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