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Nairaland Forum / Nairaland / General / Politics / FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States (634 Views)
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FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by TheMainone: 1:05am On Dec 20, 2018 |
Photo- Crude oil pipelines The federal government of Nigeria has withdrawn about $1.68 billion from the Excess Crude Account (ECA) in the last one month, leaving a balance of $631 million as at today the 20th of December, 2018. The federal government repealed at yesterday’s Federation Accounts Allocation Committe (FAAC) meeting, saying it depleted the account to off-set the last tranche of the Paris Club obligations to states. According to the Permanent Secretary of the Federal Ministry of Finance, Dr. Mahmoud Isa Dutse, who presided over the meeting, the federal government took the action to meet the growing demands of states. He said, “the balance in the ECA is $631 million. The final payment for Paris club refund to states was made and the figure was deducted and that’s what accounts for the difference. “A decision was taken to make this refund and part of that decision is that the refund should be funded from the ECA. Federal Executive Council (FEC) and the president approved the money.” A total of N812.762 billion was distributed as Federal Allocation for the month of November 2018 between the Federal, States and Local Government Councils. It came from the Gross statutory revenue of N649.629 billion. This sum is lower than the N682.161 billion received in the previous month by N32.533 billion.as well as N92. 079 billion from Value Added Tax Similarly Forex Equalisation of N70.000 billion and An Exchange Gain of N1.055 billion.contributed to the over all revenue for last month. From the Gross statutory revenue, Federal Government received N280.913 billion representing 52.68%; States received N142.483 billion representing 26.72%; Local Government Councils received N109.848 billion representing 20.60%; while the Oil Producing States received N47.882 billion also representing 13% derivation revenue; Mahmoud concluded. https://insiderpostonline./2018/12/20/excess-crude-account-drastically-drops-to-631m-as-elections-approach/ 2 Likes
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Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by FarahAideed: 1:19am On Dec 20, 2018 |
hahahaha baba is looting silly 2 Likes |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by ojmaroni247(m): 1:35am On Dec 20, 2018 |
No be same excess crude account APC pple dey use make mouth say GEJ squander and Buhari they save. 3 Likes |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by ojmaroni247(m): 1:36am On Dec 20, 2018 |
No be same excess crude account APC pple dey use make mouth say Buhari they save. |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by OreMI22: 1:41am On Dec 20, 2018 |
FarahAideed: Please, tell me what Buhari is doing with our excess Crude Account if not to finance his ill fated election? Tomorrow, the same Buhari will be pointing fingers at others calling them looters. Buhari is a shameless SCAMMER! 4 Likes
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Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by Stalwert: 1:52am On Dec 20, 2018 |
[s] OreMI22:[/s] Even after reading the money was used to offset the balance of paris debt deduction being owed to state you still carry on with your unscrupulous lies oya take for your troubles. 2 Likes 1 Share
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Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by kayusely70(m): 7:22am On Dec 20, 2018 |
The state governors are bleeding this country. |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by SternProphet: 7:27am On Dec 20, 2018 |
Nigeria is ALSO buying arms and ammo by cash for NAF and NA. Thats another reason why ECA will go down temporarily. 2 Likes 1 Share |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by Nobody: 7:30am On Dec 20, 2018 |
FarahAideed: Shatap!!!!!!
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Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by Nobody: 7:32am On Dec 20, 2018 |
ojmaroni247: That one is foreign reserve.....you are just disgracing your family online 1 Like |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by NaijaRoyalty(m): 7:39am On Dec 20, 2018 |
Scam of a governemnt 1 Like |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by Racoon(m): 7:40am On Dec 20, 2018 |
"The federal government of Nigeria has withdrawn about $1.68 billion from the Excess Crude Account (ECA) in the last one month, leaving a balance of $631 million as at today the 20th of December, 2018..."For what intent? Paris debts that have been embezzled by the state governors? The rigging mechanism still being perfected. |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by KillTheZombies: 7:59am On Dec 20, 2018 |
The dumb illiterate and lifeless dullard is looting the country dry to fund his re-election campaign. The buffoon wants to destroy the commonwealth of the citizen in order to fund his personal ambition. Opposition should step up and protest against this. That Godforsaken terrorist should be called to order before he sinks the country with his greed. 1 Like 1 Share |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by Monimatic(m): 7:59am On Dec 20, 2018 |
Buhari has looted this country down God help us |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by coolzeal(m): 8:11am On Dec 20, 2018 |
it's finished. |
Re: FG Withdraws $1.68 Billion From ECA For Paris Funds Refund To States by PurestBoy(m): 7:40pm On Dec 20, 2018 |
Why are we underplaying the 2 powerful women Aisha Buhari complained about? Why is no one talking about this? |
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