Posts Tagged ‘ECA’

PDP Raises Alarm Over Whereabouts of $1bn ECA Security Fund

by Ikokwu Ikembaon July 21, 2019
…Demands Immediate Public Explanation From Buhari The Peoples Democratic Party (PDP) draws the attention of Nigerians to the shocking confession by the National Security Adviser (NSA), Gen. Babagana Mongunu (rtd), that he is not aware of the whereabouts or disbursement of the $1bn drawn from the Excess Crude Account (ECA) by the Muhammadu Buhari Presidency […]

Metele Attack: Military Yet To Receive $1bn Security Funds

by Breaking Timeson December 3, 2018
The Nigerian Military has said that it is yet to receive the One billion dollars Security Funds approved by President Mohammadu Buhari. Recall that Buhari had in April approved the release of the said amount from the Excess Crude Account (ECA) to be disbursed to the Nigerian Army for purchase of equipment to fight the […]

Senate Scraps Excess Crude Account

by Breaking Timeson November 8, 2017
The Senate yesterday passed a resolution abolishing the Excess Crude Account (ECA) setup in 2004 by former President Olusegun Obasanjo. The resolution followed a motion sponsored by Rose Oko (PDP, Cross River) and 44 others, tagged: “ The Excess Crude Account: an illegality and a drain pipe”. However, while Oko advocated for the suspension of […]