Browsing Tag

Excess Crude Account (ECA)

FAAC shares N802.407bn June 2022 revenue to FG, States, LGCs

Joseph Inokotong - Abuja Jul 26, 2022

The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion June 2022 Federation Account Revenue with the Federal Government, States and Local Government Councils. This is contained in a communiqué…

PDP to NASS: Probe ‘missing’ $1bn ECA security fund

Leon Usigbe - Abuja Jul 28, 2019

The Peoples Democratic Party (PDP) has urged the National Assembly to probe the alleged missing $1billion drawn by President Muhammadu Buhari from Excess Crude Account (ECA) for the purpose of purchasing arms. The main opposition party…

Account for $1bn ECA Security Fund, PDP tells Buhari

Leon Usigbe - Abuja Jul 21, 2019

Following the recent remark by the National Security Adviser (NSA), Gen. Babagana Mongunu (rtd), that he was not aware of the whereabouts or disbursement of the $1bn withdrawn from the Excess Crude Account (ECA) by the Presidency in 2017…