The Rivers State House of Assembly has explained why it mandated the Rivers State Government to join other states to settle out of court with the Federal Government on the dispute over the sharing of Stamp Duty proceeds.
According to the Speaker, Rt. Hon. Ikuinyi Owaji-Ibani, the decision was to enable Rivers State access refunds that are due to the state.
He also said that the lawmakers supported that 5% of the funds due to the state be deducted from source and used to pay the consultant handling the matter.
The House had passed a resolution permitting Governor Nyesom Wike of Rivers State to join other state governors in seeking out of court settlement with the Federal Government in the dispute arising from the sharing of proceeds from stamp duties.
The Rivers Asembly also resolved that 5% of the proceeds be deducted from source as payment to the consultant nominated by the Nigerian Governors Forum (NGF).
They two resolutions were after the Correspondence from the Governor requesting for the resolution was read by the Speaker, Rt. Hon. Ikuinyi Owaji – Ibani, and subsequent debate by members as led by the Leader of the House, Hon. Martins Amaewhule.