Excess Crude Account

BAYELSA GOVT. MAY DRAG FG TO COURT OVER NON-DEDUCTION OF 13% FROM $1BN ARMS FUNDS

April 14, 2018 Amurun KelvinLeave a Comment

Bayelsa State government has threatened to file a legal action against the Federal Government if it fails to deduct the 13 percent derivation element in the $1billion from the Excess Crude Account (ECA) earmarked for the buying of military equipment to fight insecurity in the country. The state government, under Governor Seriake Dickson, restated […]

Confronting the curse of oil by Reuben Abati

April 24, 2016April 24, 2016 adminLeave a Comment

The monthly Federation Accounts Allocation Committee, FAAC, meeting was held the other day in Abuja, with the representatives of state governments again cap in hand, asking for their share of federal revenue – read: oil revenue, or better still, national cake, or our money. A paragraph in the report by the online newspaper, Premium Times, […]