To reshape the future of Egi land, the Egi people have unanimously agreed to preserve their communal funds through a secure, interest-yielding financial arrangement
Egi, an oil rich community found in the Niger Delta region is a tribe located in Ogba/Egbema/Ndoni Local Government Area (LGA) of Rivers State.
The decision, described as a watershed moment in the clan’s socio-political evolution, was reached on Tuesday during an expanded stakeholders’ meeting held at the Obite Civic Center.
Convened by the Egi People’s Assembly (EPA), the apex socio-political body of the Egi clan, the meeting brought together traditional leaders, elders, youth representatives, and community members. The key outcome was a resolution to save the funds in a structured plan that will benefit both present and future generations, including those yet unborn.
The new arrangement effectively ends a protracted dispute between the EPA and His Royal Majesty, Eze Victor Egbo Elewna, Eze Egi III, over the control and disbursement of the communal funds. For years, the disagreement had generated tension and rival claims of authority over the resources earmarked for the development of Egi land.
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Speaking during the meeting, leaders of the EPA emphasized the need for unity, transparency, and a forward-thinking approach to community development.
After hours of dialogue and input from various quarters, stakeholders reached a unanimous consensus to implement a long-term savings plan that will not only preserve the capital but also generate interest over time.
The plan is aimed at supporting infrastructural development, education, healthcare, and other communal needs without depleting the principal sum.
Community members who attended the gathering hailed the decision as a bold and progressive step.
In a further show of commitment to accountability, the EPA announced the formation of a monitoring committee tasked with overseeing the implementation of the savings plan.
The committee will ensure that the funds are managed prudently and used solely for the advancement of the Egi people.
