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Excess Crude Account

Buhari’s impeachment: Mission impossible

Reuben Abati describes calls for President Buhari's impeachment as mission impossible

The Chairmen of the Committees on Public Accounts in the National Assembly – Kingsley Chinda (House of Representatives, PDP Rivers, Obio/Akpor Constituency) and Mathew Urhoghide (Senate, PDP Edo South) – have both had cause to ask the respective Chambers of the National Assembly to commence impeachment proceedings against President Muhammadu Buhari for allowing the withdrawal […]

NEC approval of $1bn to fight terrorism is in order- VP Osinbajo

osinbajo

Vice President Yemi Osinbajo (SAN) has thrown his weight behind the controversial approval of $1 billion from Excess Crude Account said to have been voted by the National Economic Council for the purpose of fighting insurgency and other related security challenges in the North East. Speaking at a retreat of the Secretary to the Government […]

Nigerian governors approve $1bn from Excess Crude Account to fight Boko Haram

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Governors from Nigeria’s 36 states have approved the withdrawal of $1 billion from the Excess Crude Account by the federal government to be used in the ongoing fight against Boko Haram insurgents in the North-east. This was revealed by the Governor of Edo State, Godwin Obaseki while briefing State House correspondents after the meeting of […]

Senate orders abolishment of excess crude account

Senate

The Nigerian Senate on Tuesday ordered the abolition of the operation of the Excess Crude Account, ECA. The Upper Chamber of the National Assembly also requested the Executive to act in conformity with section 80 (1-4) and 162(1-3) of the 1999 Constitution (as amended) in its revenues receipt and expenditure. The development was sequel to […]