PIB: Sending 3 Percent Shares Directly To Host Communities Will Cause Crisis – Wike

Governor Nyesom Wike of Rivers State has said there is need for government to monitor how communities spend the 3% equity shares contained in the recently signed petroleum industry act in order to avoid cisis.

Speaking on Channels TV Sunrise daily on Tuesday, Governor Wike said if communities are left unchecked on how the 3% shares is utilized, there may be crisis.

In the governor’s word “I was thinking that government should have a hand in monitoring the spending of such funds. That’s my own thinking. Not just to allow it. I do agree you don’t need to pay to government but paying to the host community and leaving them alone will cause a lot of crisis.

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“There should have been someone to checkmate the communities in order not to have crisis.

“I can assure you that sending that money to the communities for them to spend for development purposes I have no problems but how do you checkmate the use of that fund?

“I can tell you knowing the IOCs very well, what they will do is to sponsor crisis for them not to send such funds to them,”