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Investor Presentaiton

SUMMARY OF FINDINGS Indigenes of the oil producing communities across the Niger Delta States desire that the derivation funds should be given directly to oil producing communities for effective management as the facilities that exist, are not reflective of the resources taken from them or the damages done to their environment. Finally, our studies reveal that the aggregate sum of N 6, 587,895, 590,862.78 (Six Trillion, Five Hundred and Eighty-Seven Billion, Eight Hundred and Ninety- five Million, Five Hundred and Ninety Thousand, Eight Hundred and Sixty-two Naira and Seventy- Eight Kobo), paid to the Niger Delta States by the FAAC during the Review Period, in compliance with the provisions of Section 162 (2) of the Constitution, have had little or no impact on its citizens. VACIOE ASSOCIATES 07 08
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