Fri, Feb 12, 2016
A A A
Welcome tstroemlev
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Governors demand $3.5bln from Excess Crude Account

Posted on 18 January 2012

Governors are asking the Federal Government to remit the $3.5 billion from the Excess Crude Account (ECA) agreed upon in their previous meeting to the Federation Account for sharing among the three tiers of government.
In the minute of Monday’s Federation Account Allocation Committee (FAAC) meeting made available to reporters in Abuja, the Chairman, Commissioners Forum and member from Anambra State, Eze Echesi, “complained that there was delay in releasing the additional $2 billion and the second tranche of $500 million from the ECA to the states after the last meeting.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 17989 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
February 2016
M T W T F S S
« Jan    
1234567
891011121314
15161718192021
22232425262728
29