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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

RMAFC warns on Excess Crude Account withdrawals

Posted on 23 October 2009

From Punchng.com: The Chairman, Revenue Mobilisation, Allocation and Fiscal Commission, Mr. Hamman Tukur, has warned against regular withdrawals from the Excess Crude Account.

The RMAFC boss who gave the warning on Wednesday night in Abuja when Governor of Edo State, Mr. Adams Oshiomhole, visited him, noted that the Excess Crude Account, which is the country‘s savings, had been drawn down from $27bn to about $7bn…………………….Full Article: Source


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