FG, States Share $1b Secretly – Deplete Excess Crude Account to $3m
Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Headlines, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Presidency, Rivers, Sokoto, State News, Taraba, Yobe, Zamfara Saturday, January 1st, 2011
The Federation Account Allocation Committee (FAAC) at an emergency meeting yesterday in Abuja, shared $1billion from the Excess Crude Account. With the disbursement of the amount, the balance in the ECA account now stands at $3million. The meeting, which was held behind closed doors, lasted for only 29 minutes (11:10am and ended at about 11:39am). […]
