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Home»General News»Imo community calls for accountability over oil revenue
General News

Imo community calls for accountability over oil revenue

NewsdeskBy NewsdeskJanuary 12, 2026Updated:January 12, 2026No Comments2 Mins Read
Oil spills
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The Achi Mbieri Community in Mbaitoli LGA of Imo, has called for accountability from its leaders over the handling of the oil revenue accruable to the community.

A group of concerned members of the community, under the aegis of Achi Stakeholders Forum, made the call at a news briefing in Owerri on Sunday.

The News Agency of Nigeria (NAN) learnt that, in line with the Petroleum Industry Act, some part of the revenue accruable to the oil-rich community had been paid by Seplat Energy, an oil exploration company in the area.

The group alleged that the money was “inequitably disbursed” by the community’s President-General (PG), Mr Victor Iwuagwu, to the component villages, without due supervision by the community’s executive council.

The community’s Financial Secretary, Mr Richard Durunna, said that in the community’s meeting on Saturday, he clearly denied involvement in the said disbursement.

Durunna also said that Iwuagwu had “unilaterally run the affairs of the community without input from other members of the executive, including himself.

He, however, said that rising from the meeting, the stakeholders and community members agreed that a 48-hour ultimatum be issued to the P-G to convene an emergency meeting and explain his financial dealing to the community.

“I am completely unaware that Seplat Energy already paid us, I only got wind of it when the various villages confirmed receiving money from the P-G.

“When I asked him about the sharing formula, he said he shared it according to the instruction by his late mother in a dream.

“I find this bizarrely disturbing and call for accountability so that records can be set straight,“ he said.

Another member of the group, Mr Charles Opara, described the discovery of oil in the community as a “supposed blessing rather than a reason for chaos“.

Opara, therefore, called on Iwuagwu to desist from personalising the gains from oil and give a proper account of his stewardship.

The community’s Traditional Prime Minister, Nzeh Adolphus Nnadi, called on the State Government to intervene and order for a forensic investigation by a panel of inquiry to set matters right.

A youth leader, Mr Chigazu Ohamadike, called for calm and a peaceful resolution of the differences.

NAN, however, reports that efforts made to get Iwuagwu’s reaction were unsuccessful as he repeatedly declined several calls to his cellphone. 

Achi Mbieri Community Achi Stakeholders Forum
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