• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 15, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

13% Derivation Fund: Obaseki Responds To Wike Challenge, Says Edo Got Only N2.1bn

Knocks Oshiomhole over state's debt profile

by Patrick Ochoga
3 years ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

As Governors of the South-South battle to defend how they expended billions of Naira accrued to them from the 13 per cent derivation funds over the years, Edo State governor, Godwin Obaseki, on Wednesday, said his State has so far received a total of N2.1 billion paid in three tranches of N700m each.

The governor’s explanation comes on the heels of a public challenge by a fellow Niger Delta governor, Nysom Wike of Rivers State, who openly challenged his colleagues in the South-South to account for the 13 per cent derivation funds received by them over the years, saying it was the same money he used in executing mega projects in Rivers State.

Speaking for Governor Obaseki, the State’s Commissioner for Information and Orientation, Chris Nehikhare, in company of the Commissioner for Budget and Planning, said the Edo State has so far received three tranches of the 13 per cent derivation fund since the commencement of the release of the money.

The State also took a swipe at the immediate-past Governor Adams Oshiomhole, accusing of him of playing up a debt of N160billion after having received N1trillion during his eight years in office.

RELATED

Lagos Police Arrest Suspect With Firearms, Launch Anti-cult Squads

Lagos Police Arrest Suspect With Firearms, Launch Anti-cult Squads

1 hour ago
Good Night Mai Gaskiya!

EU, Turkiye, Others Mourn Buhari

2 hours ago

Nehikhare said, “By the time Oshiomhole left office, eight years later after receiving N1trillion from the Federation Account, Edo owed N160b. Under normal circumstances, Oshiomhole doesn’t have the moral authority to talk about transparency or accountability.

“Obaseki government is the most frugal and transparent government the state has produced in the last 25 -30 years. We will wait and respond to Oshiomhole at the appropriate time. Thank God he is standing for an election and we will call him out to answer to the Edo people.”

For his part, the Commissioner for Budget and Planning, Hon. Joseph Eboigbe, while shedding more light on the 13 per cent derivation fund, disclosed that Edo State’s share of the money is N28billion.

“A total of about one trillion naira was established as due to be refunded to oil producing states. Now, it went through the whole process and it was approved.

“Edo State’s share of that figure was N28billion. What was also approved was the way and manner this money was to be distributed to the State, the net amount will come to the State over five years.

“By the time they started the releases, Edo State got two tranches of N700m per quarter, so what we have received so far is three tranches which is verifiable and that is what has come into the State’s coffers, this can be checked from the Accountant-General of the State and the banks and how that money was spent have records,” Eboigbe stated.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

$1bn Looted Funds Recovered Since 2015 – Federal Govt

Next Post

Kaduna Launches Digital Sexual Offenders Register

Patrick Ochoga

Patrick Ochoga

You May Like

Lagos Police Arrest Suspect With Firearms, Launch Anti-cult Squads
News

Lagos Police Arrest Suspect With Firearms, Launch Anti-cult Squads

2025/07/15
Good Night Mai Gaskiya!
News

EU, Turkiye, Others Mourn Buhari

2025/07/15
JUST–IN: Ex-President Buhari Buried After State Funeral
Cover Stories

JUST–IN: Ex-President Buhari Buried After State Funeral

2025/07/15
UK Firm To Execute $500m Energy Infrastructure Projects In Katsina
News

Buhari Told Me He Felt Better Out Of Office — Gov Radda

2025/07/15
Kogi Governor Signs Law Establishing CUSTECH Teaching Hospital, Okene
News

40,678 Kogi Children Affected By Malaria In 2024

2025/07/15
JUST-IN: Buhari’s Body Transported To Daura By Road
News

Buhari’s Remains Arrive Daura Ahead Of Burial

2025/07/15
Leadership Conference advertisement

LATEST

Lagos Police Arrest Suspect With Firearms, Launch Anti-cult Squads

EU, Turkiye, Others Mourn Buhari

JUST–IN: Ex-President Buhari Buried After State Funeral

Buhari Told Me He Felt Better Out Of Office — Gov Radda

FIBA U19 WWC: Junior D’Tigress Suffer Second Defeat, Avoid US In Round Of 16

40,678 Kogi Children Affected By Malaria In 2024

Buhari’s Remains Arrive Daura Ahead Of Burial

Police Arrest 2 Suspected Killers Of Chinese National

Police Kill 6 Suspected Kidnappers, Arrest 7 Others In Delta

NDLEA Raises Alarm Over High Rate Of Drug Abuse In Akwa Ibom

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.