Ex-Senate Chief Whip seeks 25 per cent derivation for oil-producing states, faults Obasanjo

From Isaac Job, Uyo
Former Senate chief whip Senator Emmanuel Ibok Essien has renewed his campaign to increase the sharing formula from oil revenue from the present 13 per cent to 25 per cent for oil-producing states.
Ibok Essien also faulted former President Obasanjo, who recently admitted that the oil-producing states have not received a fair deal, saying the former president had earlier insisted on 13 per cent when he was in office.
He said Obasanjo also suggested that the current 13 per cent of oil revenue received by oil-producing states should form the basis for further negotiations.
Ibok Essien, who represented Akwa Ibom North-West senatorial district in the Senate during O...