Vincent Toritseju 18 June 2018, Sweetcrude, Lagos — The absence of rules of practices governing deposits, withdrawals and investments of…
Browsing: Excess Crude Account
12 June 2018, Sweetcrude, Port Harcourt — Rivers State Governor, Nyesom Wike, says oil-producing states should be paid their 13…
Mkpoikana Udoma 28 May 2018, Sweetcrude, Port Harcourt — Rivers State Governor, Nyesom Ezenwo Wike, says oil-producing states should be…
Dankwambo, who chaired NEC ad hoc committee on remittances, said the infractions were identified by KPMG that was contracted to carry out a forensic audit of revenue remittances to the Federation Accounts.
*Stabilisation account hits N14 billion OpeOluwani Akintayo 27 April 2018, Sweetcrude, Lagos — Nigeria’s controversial Excess Crude Account, ECA, has…
Princewill Demian 25 April 2018, Sweetcrude, Abuja – Human rights lawyer, Mr. Femi Falana, has asked the National Assembly to…
The action by the members is coming on the heels of the face off between the House of Representatives and the Minister of Mines and Steel Development (MMSD), Dr. Kayode Fayemi, and his junior minister, Hon. Abubakar Bawa Bwari.
The House of Representatives recently moved to legalise the Excess Crude Account, by proposing a bill to capture all excess revenue in an account to be called Excess Revenue Fund Account (ERFA).
The federal government got highest allocation in the sum of N263.283 billion, States N172.872 billion; local government councils N129.985 billion while the sum of N52.042 billion was paid to oil producing States being their 13% share of derivation allocation.
OpeOluwani Akintayo 27 January 2018, Sweetcrude, Lagos — President Muhammadu Buhari has said excess revenue as a result of rising…