2 years after, FAAC adds N24.5bn to Excess Crude Account
…Shares N701bn to FG, States, LGAs for April The Federation Account Allocation Committee (FAAC) has added N24.5billion to the Excess Crude Account (ECA) after two years of non-remittance to the ECA despite steady increase in the price of oil sales over the year and its all time high of $80 per barrel since November 2014. […]