ABUJA—Funds in Excess Crude Account, ECA, were spent on Super Tucano jets and other military equipment, Minister of Finance, Mrs. Zainab Ahmed, has explained.
Continue reading We spent ECA on buying Super Tucano jets, military equipment — Ahmed at Vanguard News Nigeria. …
excess crude account
Depletion of Excess Crude Account fraudulent, says PDP
The Peoples Democratic Party (PDP) yesterday described revelation of furtive depletion of $1.68 billion from the Excess Crude Account (ECA) as a fraud…
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PDP accuses Buhari, APC of fraud in Excess Crude Account depletion
The Peoples Democratic Party (PDP) on Thursday observed that “the revelation of furtive depletion and syphoning of $1.68 billion” from the Excess Crude Account (ECA), further shows that President Muhammadu Buhari presides over a corrupt government that is bent on draining our treasury and foisting more suffering on our people. The main opposition party in […]
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Nigeria’s Excess Crude Account Drops To $631m
Nigeria’s Ministry of Finance on Wednesday disclosed that the amount in the Excess Crude Account (ECA) has declined to $631 million. Permanent Secretary, Ministry of Finance, Mahmoud Dutse, told journalists in Abuja that withdrawals were made by the Federal Government from the ECA to settle the last tranche of the Paris Club Refund. According … Continue reading Nigeria’s Excess Crude Account Drops To $631m
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Excess Crude Account crashes to $631m
FG, states, LGs share N648.7bn in September
The breakdown for the month of September shows that gross revenue available from VAT was N79.154 billion as against N114.542 billion in the preceding month Samuel Bello, Abuja The Federal Government, 36 States and the Federal Capital Territory and and 774 Local Government Areas on Thursday, shared N648.710 billion as subvention for September 2018. READ […]
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FG, states, LGAs share N741.8bn
Uche Usim, Abuja The Federal Government yesterday kept mum over the cries of Benue, Rivers, Delta and some other States whose Paris Club refund was withdrawn, after their accounts were hitherto credited with the money. This is as it shared about N741.84 billion with States and Local Governments as Federal Allocation for August. The Permanent […]
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Ekiti not owing N117b, Fayemi only making excuses for impending failure, says Govt.
FAAC: Federation revenue declined by N107bn in July
Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July, the News Agency of Nigeria (NAN) reports. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly […] …
