Supreme Court’s FAAC Ruling Could Trigger Economic Crisis In Rivers, PANDEF Warns

Supreme Court’s FAAC Ruling Could Trigger Economic Crisis In Rivers, PANDEF Warns

The Pan Niger Delta Forum (PANDEF) has expressed deep concern over the Supreme Court’s recent decision to halt the disbursement of Federation Account Allocation Committee (FAAC) funds to Rivers State, warning that it could have damaging effects on the state’s economy, governance, and regional stability..……READ MORE

In a statement signed by National Publicity Secretary Obiuwevbi Ominimini, PANDEF emphasized that Rivers State, a major contributor to Nigeria’s oil and gas revenues, should not face financial constraints due to a political dispute that can be resolved.

“Withholding these funds, which are crucial for economic growth, social welfare, and infrastructure development, will have a disproportionate impact on the people of Rivers State,” PANDEF stated.

While reaffirming its commitment to peace and dialogue, the forum urged the Supreme Court to revisit its decision.