The militants said they were making the demand based on the approval of the release of $1 billion to fight insurgency in the North East.
Browsing: Excess Crude Account
Ekweremadu had observed that deliberation on the matter was slated for Thursday and expressed surprise that it was not listed on the Order Paper.
They want an order of injunction restraining the Federal Government and the 36 states governors, their agents, servants, privies, representatives in interest, howsoever called and by whatsoever name designated, from giving effect to the appropriation and/ or approval of appropriation of the sum of $1 billion or any other sum whatsoever, from the Excess Crude Account of the Federation, as contained in the decision made on December 15, 2017 unless and by means of statutory allocation by the Revenue Mobilisation Allocation and Fiscal Commission.
He also noted that so long as the legality or otherwise of the controversial Excess Crude Account had yet to be decided by the courts, the ECA would remain in operation as a property of the three tiers of government
A statement on Sunday by the National Publicity Secretary of the PDP, Kola Ologbodiyan, said government’s criticism of the party is an attempt to divert attention from the siphoning of funds by the President Muhammadu Buhari Administration for purposes other than fighting terrorism
This was contained in a statement issued in Ado Ekiti on Friday and signed by his Special Assistant on Public Communications and New Media, Lere Olayinka
The Edo State Governor, Godwin Obaseki, announced this to State House Correspondents while giving a briefing on the outcome of the NEC meeting presided over by Vice President Yemi Osinbajo
The Acting Chairman, Victor Muruako, told the News Agency of Nigeria in Abuja that “ordinarily, we at the FRC would have been of the view that even if it was left at $42, it would have made room for savings into the ECA
The Deputy Governor of Bayelsa State, John Gboribioga Jonah, announced this on Thursday in Abuja while briefing State House Correspondents at the end of the National Economic Council meeting presided by Vice President Yemi Osinbajo
On Thursday, July 23, 2015, the committee set up by the National Economic Council to investigate the alleged “uauthorised spending”…
The committee in a statement by the Forum of Finance Commissioners in Abuja, stated that the law setting it up did not give it the power to approve withdrawals from the ECA
The Eagle Online reports that the existence and modus operandi of the ECA has been a source of controversy between the Federal and State Governments over the years
The Fiscal Responsibility Commission has said it was in the interest of states to allow the Excess Crude Account to…
Obasanjo said this was one of the reasons the naira has crashed
Okonjo-Iweala disclosed this while presenting the proposed 2015 budget in Abuja
Briefing State House correspondents after the NEC meeting presided over by Vice President Namadi Sambo, Governor Godswil Akpabio of Akwa Ibom State said the Minister of Finance, Dr. Ngozi Okonjo-Iweala, gave the figure while briefing the Council on the state of the economy
She also denied the allegation by the Rivers State Government that she refused to sign a $200 million African Development Bank loan for water projects in Rivers State
The party threw the challenge after a careful study of the disclosure made by the Chairman, Nigeria Governors’ Forum, Rt. Hon. Chibuike Rotimi Amaechi, while declaring open the second annual retreat of the NGF on Friday in Sokoto
From the argument between a member of the Joint Senate Committee of Finance and Appropriations, Senator Ita Enang, and Okonjo-Iweala, it also came to the fore that about $1.03 billion might be missing from the ECA account
Also speaking, Governor Ibrahim Dakwambo of Gombe said NEC gave its blessing to the recommendations of a Sub Committee he headed to review a recent presentation by the Minister of Information Technology, Mobolaji Johnson, on a proposed improved, broadband roadmap for the country, to the effect that telecoms service providers should partner with the Federal Government and state sovernments, to ensure proper harmonization and integration of development projects with ICT infrastructure in the country