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Excess Crude Oil Account

Zainab Ahmed

FAAC plans fresh guidelines for remittance, withdrawal from ECA

For more transparent dealing and avoidance of rancour, the Federation Accounts Allocation Committee (FAAC) is planning fresh guidelines for revenue remittances and withdrawals from the nation’s Excess Crude oil revenue Account (ECA).

Ekiti guber: PDP, group differ over N165 billion allocation

Ekiti State Peoples Democratic Party (PDP) Chairman, Barr Gboyega Oguntuase, has asked the All Progressives Congress’ (APC) candidate in the governorship poll, Dr Kayode Fayemi, to explain how he spent statutory allocations and other funds that accrued to his government between 2010 and 2014.

FAAC: Federal, states, local governments share N701 billion for April

The Federal Government, states and local governments shared N701 billion as revenue for the month of April, the Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, said on Wednesday in Abuja.

‎Zamfara killings: Governor Yari vindicates me on $1 billion withdrawal – Ayodele Fayose

Ekiti State Governor, Ayodele Fayose, has said the claim by Zamfara State Governor, Alhaji Abdulaziz Yari, that security agencies failed to respond to the alert given them to prevent the massacre of people in Zamfara has vindicated him.

IGP Ibrahim Idris’s comment on Benue killings jaundiced, untrue – Senator Akume

The senator representing Benue North West, George Akume, has attacked the Inspector General of Police over his comments on the killings in his state.

President Buhari won’t spend $1 billion ECA fund without legislative approval – Senator Ita...

An aide to President Muhammadu Buhari has said that the president won’t spend the $1 billion from the nation’s Excess Crude Oil Account, ECA, to fund the fight against insecurity unless he receives approval from the national assembly.

Recent Stories

JAMB: Man registers UTME 64 times to ‘ghost-write’ for 64 candidates

The Joint Admissions and Matriculation Board says it has caught someone it described as a “notorious cheat” who had registered for the UTME 64 times, with the intention of writing the examination for 64 candidates.

Police foil pro-Dasuki protest in Sokoto

Police have foiled a planned procession to demand the release of former National Security Adviser, Col. Sambo Dasuki (rtd) in Sokoto state.
Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS-Hamad I Mohammed

Any move by Iran to close Strait of Hormuz unacceptable – US official

Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday.
Gas flares from an oil production platform at the Soroush oil fields in the Gulf, south of the capital Tehran [Raheb Homavandi-Reuters]

Iran denounces ‘illegal’ US sanctions as oil waivers end

Iran denounced US sanctions on its oil sector as "illegal" on Monday after the United States announced it will no longer grant sanctions exemptions to Iran's oil customers.

Court to hear alleged N2.8 million fraud case against Nnewi United chairman

The Federal High Court sitting in Awka will on May 30, 2019, begin hearing on the case of obtaining by false pretence involving the manager of Nnewi United football club of Nnewi, Mr. Olisa Onuchukwu.