Dr. Diigbo Rejects Nigeria’s Federal Revenue Sharing Models, Citing a $69 Trillion Intergenerational Debt and Systemic Economic Collapse.

The Ogoni Central Indigenous Authority (OCIA) is continuously enforcing UNDRIP to maintain more than 30 years of restrictive control over regional oil and gas assets. This directly contrasts false Nigeria’s federal exclusive resource monopoly during this critical period of Nigerian national inflation and compounding debt.

The Ogoni Central Indigenous Authority (OCIA) has declared its full, uncompromised enforcement of the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), moving to establish complete autonomy over its natural resources. The announcement comes amid a compounding macroeconomic crisis across Nigeria, where headline inflation has climbed to around 15.93% and debt servicing obligations are projected to consume $11.6 billion—nearly half of all federal revenues this fiscal year. Speaking directly to the Board of Directors of the Ogoni Investment Development Bank (OSIDBANK), OCIA Leader Dr. Goodluck Diigbo asserted that the Distinct Ogoni Nation (DON) will never again recognize Nigeria’s monopolies over the region’s underground wealth.

The critical address occurred during an extraordinary OSIDBANK board session convened to nominate and confirm a successor to the late Chief of Treasury, Chief Gbenekanu Yorko. Dr. Diigbo emphasized that the ongoing economic deterioration of the Nigerian state requires defensive measures to protect indigenous wealth from systemic mismanagements.

“The first step toward the sanity of Nigeria is to block all access to wealth and natural resources, and hold the plunderers and looters out of business,” stated Dr. Diigbo. “Why must the Ogoni people allow Nigeria; a nation state that owes us $69 trillion intergenerational debt the control of our wealth and natural resources, when that nation state has also corruptly sold petroleum deposits in advance even without the right to ownership and possession? Nigeria is turning into a complete fraud.”

The OCIA has made it clear that establishing true peace requires dismantling the federal system where the central government claims exclusive statutory ownership of all underground resources. Under the doctrine of Free, Prior, and Informed Consent (FPIC)—which is now strictly codified as the law of the Distinct Ogoni Nation—the OCIA rejects all external compromises. This includes any potential federal counter-offers, such as direct allocations of 100 percent of oil and gas revenues derived from Ogoni soil into local development accounts, if they remain tied to federal control frameworks.

“The Ogoni Central Indigenous Authority doesn’t expect the government of Nigeria to control Ogoni wealth and natural resources,” Dr. Diigbo insisted. “What the people of Ogoni chose to do with their wealth and natural resources is purely an Ogoni choice. We will not again allow corrupt individuals and tribal demagogues to play god over the people of Ogoni. The Ogoni people must control 100 percent of Ogoni wealth.”

With OSIDBANK restructuring its senior financial leadership following the passing of Chief Yorko, the indigenous authority is poised to accelerate its independent economic programs, leveraging international legal frameworks to safeguard local production and financial systems from external state vulnerabilities.

About the Ogoni Central Indigenous Authority (OCIA)

The Ogoni Central Indigenous Authority is the representative governance body implementing autonomous administration, economic self-determination, and human rights protections for the Ogoni people under global indigenous frameworks.