Alleged Betrayal: 10 Paramount Rulers join total E&P against AKS people

No  few than 10 Paramount Rulers in Akwa Ibom have applied to be joined in a suit brought to a Port Harcourt Federal High Court 3 by Association of indigenes of Oil and Gas communities in Akwa Ibom State.

the group, who represent Akwa Ibom communities had earlier dragged total E & P to court seeking an order of interlocutory injunction restraining the defendant/ respondent or its agents  or through any person from further actions, processes or meetings relating to the signing and implementation of a new memorandum of Understanding MOU between the Defendant and the indigenous Oil and Gas  Communities of Akwa Ibom State, including the inauguration of any implementation committee, pending the final determination of the substantive suit.

AKSG to sign MOU with Central Bank

 

The State government is to sign a Memorandum of Understanding with the Central Bank of Nigeria to access two billion naira from the Micro, Small & Medium Enterprise Development Fund (MSNEDF) to support micro and small businesses in the State.

The Commissioner for Economic Development, Mr. Akan Okon gave the hint during a meeting with operators of Micro Finance Banks in the State, held at the conference room of the Ministry yesterday.
Mr. Okon said the Federal Government through the Central Bank of Nigeria has made available two hundred and twenty billion naira to States with each State entitled to access two billion naira for micro, small and medium scale businesses.