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Revenue Formula Controversy: Rep Queries 80% Oil Bloc Ownership

Frontpage Imo Trumpeta - April 1, 2012

Vice chairman of the House of Representatives’ Committee on Customs, Hon (Barr) Kingsley Chinda has reacted to the call by the North for upward review of the revenue allocation formula in their favour , saying that there was no basis for such review as Northerners own between 75% and 80% of the country’s oil blocs as against Niger Deltans’...

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