The evaluation of the revenue receipts of oil-producing states, particularly, Rivers, Akwa Ibom and Delta since 2000 indicates that the 13 per cent derivation formed the lion share of their earnings over the

Aiteo Raises The Alarm Over Alleged Attacks On Nembe Creek
Aiteo Eastern Exploration and Development Limited has raised the alarm, alerting stakeholders of alleged sustained attacks on its Nember Creek Trunk Line (NCTL).
Aiteo in a statement issued yesterday by its spokesman, Ndiana Mathew, regretted that despite significant investment in security, technology and civic engagements, the destructive pattern of pipeline vandalism still persisted.
According to the statement, ‘’these attacks are persistent; sophisticated; appear timed to inflict debilitating and disruptive effect, all indisputably calculated to decimate Aiteo’s production output in the short if not medium term. And, regrettably, these vicious and malicious exertions by individuals and faceless entities are having that …