15 Jul Supreme Court stops FG from ceding 17 Rivers State oil wells to Imo
The Supreme Court has granted an order of injunction restraining the Federal Government from ceding 17 disputed oil wells located at Akri and Mbede in Rivers to Imo.
The apex court granted the order on Wednesday in Abuja while ruling in chamber on an ex parte motion argued by Mr Emmanuel Ukala, SAN.
He prayed the court to stop the alleged implementation of the ceding of the 17 oil wells to Imo pending the determination of the suit filed by Rivers government.
In its ruling, the apex court restrained the Attorney -General of the Federation (AGF) and the Attorney -General of Imo from taking any further action on the ownership of the disputed 17 oil wells.
The court ruled that the defendants were not to take any action until the ownership dispute was resolved
The apex court also stopped the Revenue Mobilisation Allocation and the Fiscal Commission, (RMAFC), and the office of the Accountant General of the Federation from approving, implementing, or giving effect to a letter with reference number RMC/O&G/47/1/264 of July 1.
The letter is said to have cancelled the equal sharing of proceeds from the 17 oil wells by Rivers and Imo.
The court fixed Sept. 21 to hear the substantive matter.
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