The dispute between the Federal Government and
the 36 states of the federation over the management of the revenue accruing to
the federation keeps lingering as the states has asked the Supreme Court to go
ahead on adjudicating on the suit challenging the operation of the Excess Crude
Account (ECA). The states told the court that they had lost confidence in the
ability of the Federal Government to reach an out-of-court settlement with them
on the dispute and it should proceed with definite hearing of the case.
Chief Adegboyega Awomolo (SAN), who represented
the states, told the court that his clients wanted the case decided on merit
since the parties had not been able to come up with amicable settlement terms. Awomolo
insisted that the matter before the court was a constitutional one and not
political. He prayed the court to hear and give a definite pronouncement on the
suit, which has been pending since 2008.
Subsequently, the Supreme Court fixed May 9, 2013
for reports of settlement. It also ordered the parties to make sure that all
processes were filed before that day.
The 36 states of the federation had sued the
Federal Government over plans to transfer $1 billion from the ECA to a new
account known as the Sovereign Wealth Fund. But the Federal Government sought
to settle the matter out of court. Based on the application, the Supreme Court
afforded the parties the opportunity to settle the matter and report back with
the report of settlement. This, the parties had failed to achieve.