All posts tagged "Excess Crude Account"

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  Excess Crude Account: State Governors Insist on $1bn pre-Xmas Payment

  The Plagued Nigerian fuel sector seems to be headed towards doom as fuel crisis intensifies. After paying N881billion, this year as subsidy claims, the Federal Government has N100billion outstanding subsidy claims to settle. Accompanied by Governors Kayode...

  • Posted December 12, 2012
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  Excess Crude Account: FG Shares $1 billion, $7.5 billion is Balance

  The Federation Accounts Allocation Committee (FAAC) deducted $1 billion from the Excess Crude Account on Wednesday and shared same with the three tiers of government. There was $8.5 billion in the account before the deduction, leading to...

  • Posted August 16, 2012
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  FG Cannot Be Trusted to Manage Sovereign Wealth Fund – Gov. Fashola

  Nigeria’s most effective public official, Lagos State governor, Babatunde Fashola  has said the Federal Government cannot be trusted to manage judiciously the monies saved in the Sovereign Wealth Fund. He cited this as the reason it is...

  • Posted May 17, 2012
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