The Governor of Rivers, Nyesom Wike, said the decision of his colleagues in the Nigeria Governors Forum (NGF) to allow the Federal Government withdraw $1 billion from the Excess Crude Account (ECA), is illegal. He, however, indicated that he supported the decision because the motive was that the money would be largely used to fight... Read More

Ayodele Fayose, boko haram, Excess Crude Account, Nyesom Wike

December 19, 2017

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Presidency clarifies $1bn fund for Boko Haram

Vice President Yemi Osinbajo has said that the $1 billion from the Excess Crude Account allocated for the war against insurgency will also have other uses. “It was on account of the security summit that the governors at the Governors’ Forum subsequently decided that they would vote a certain sum of money, which has become... Read More

The News Blog

Excess Crude Account, Yemi Osinbajo

December 15, 2017

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The YNaija Cover this evening – the 15th of December

Follow the links below to read the stories and analyses on YNaija: The Thread: “They said ‘take off your hijab’. She said ‘Girl’s not hot’” | TwitterNG reacts to the Hijab outrage Yes, shedding half of the Excess Crude Account 60 weeks from 2019 elections is suspicious Wike is one of my sons, I can’t... Read More

Cover Stories

Excess Crude Account, hijab, law school, Nyesom Wike, Rotimi Anarchist, The Thread, YNaija Cover

December 15, 2017

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Yes, shedding half of the Excess Crude Account 60 weeks from 2019 elections is suspicious

by Alexander O. Onukwue It’s been 30 months since the Buhari administration took on the responsibility of defeating Boko Haram. After announcing victory on at least two occasions, it still wants $1bn for the same fight. The National Economic Council will have to explain more on how they came about a resolution to dig such... Read More

Opinion

boko haram, Buhari, Excess Crude Account, terrorism

December 15, 2017

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$1bn approved by governors is for Buhari’s re-election – Fayose

Ekiti State governor, Ayodele Fayose has opposed the approval of $1 billion by the National Economic Council (NEC) to fight against insurgency. What happened: Edo State governor, Godwin Obaseki had said the governors approved that the funds should be taken from the excess crude account (ECA). What Fayose said: In a statement on Friday, Fayose... Read More

The News Blog

$1 billion, Ayodele Fayose, Excess Crude Account, governors

December 14, 2017

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Governors approve $1 billion from Excess Crude Account to fight Boko Haram

Governors of the 36 states have approved the withdrawal of $1 billion from the Excess Crude Account for the ongoing fight against Boko Haram insurgents in the North-east. Edo State governor, Godwin Obaseki disclosed this while briefing State House correspondents after the meeting of the National Economic Council which held inside the council chamber of the... Read More

The News Blog

boko haram, Excess Crude Account, governors

July 17, 2015

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“It’s nothing personal… just say the truth” | Oshiomhole tells Okonjo-Iweala

The Edo State Governor, Adams Oshiomhole, has asked the former Finance minister, Dr. Ngozi Okonjo-Iweala, to come out clean and say the truth on the issue of the $2.1bn Excess Crude Account revenue. Oshiomhole said on Thursday, that instead of providing answers to questions on how “accruals into the Excess Crude Account got depleted without the... Read More

Adams Oshiomhole, Excess Crude Account, ngozi okonjo iweala

July 7, 2015

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‘Intervention fund approved by PMB is not from the Excess Crude Account’, says Presidency

The Presidency has said that the N804.7 billion intervention fund approved by President Muhammadu Buhari is not from the Excess Crude Account (ECA). In a statement on Tuesday by the Special Adviser to the President, Media and Publicity, Femi Adesina, he said the reports making rounds are incorrect. He added that it became imperative to... Read More

The News Blog

Buhari, Excess Crude Account, femi adeshina, FG, intervention fund

July 7, 2015

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‘No withdrawal was made from the Excess Crude Account’ — AGF

The Accountant-General of the Federation Ahmed Idris has made a statement on the amount distributed at the emergency Federation Accounts Allocation Committee (FAAC) meeting. He noted that the information in the public domain is inconsistent with the details of the amount distributed. In a statement on Tuesday by Head and Deputy Director, Press and Public... Read More

The News Blog

Accountant General of the Federation., Excess Crude Account

June 30, 2015

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Okonjo-Iweala replies, says there was no unauthorized spending

The newly inaugurated National Economic Council (NEC) on Monday accused former Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, of spending $2.1bn from the Excess Crude Account without authorization. Okonjo-Iweala reacted to the allegation saying the allegation by some governors is false, malicious and totally without foundation. In a statement on Tuesday... Read More

The News Blog

$2.1billion, Excess Crude Account, governors, Okonjo-Iweala, unauthorized

May 19, 2015

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NGF asks Okonjo-Iweala to account for N20billion

by Ranti Joseph It seems he minister of finance and coordinating minister of the economy, Ngozi Okonjo-Iweala still has some query to address. The thirty- Six State Governors under the aegis of Nigeria Governors’s Forum (NGF) has asked Okonjo- Iweala as a matter of urgency to account for the money that were accruable to the... Read More

economy, Excess Crude Account, Finance, NGF, Okonjo-Iweala

November 18, 2014

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@NOIweala must be commended for preparing for the rainy day

by Abdullahi M. Seidu From Qatar to Kuwait all the way to Venezuela, and even in Nigeria, one sound rings clear on the balance sheets of these countries: revenue from oil is declining. The drastic fall of oil prices is making many of the oil producing nations tighten their belts and make adjustments in the... Read More

economy, Excess Crude Account, Falling oil prices, nigeria, OPEC

November 12, 2014

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Court throws out suit against Excess Crude Account

by Godwin Akanfe A Federal High Court in Abuja yesterday dismissed a suit filed by the Minority Leader of the House of Representatives, Femi Gbajabiamila and four other members of the House of Representatives, challenging the legality of the creation of the Excess Crude Account (ECA) by the Federal Government. Justice Abdulkadir Abdulkafarati, in... Read More

Dr Fabian Ajogwu, Excess Crude Account, Federal Government, Femi Gbajabiamila, Justice Abdulkadir Abdulkafarati, supreme court

October 23, 2014

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@NOIweala assures on Nigeria as foreign investors “stand aside”

by Tunji Andrews In a move many analysts believe is to ease the pressure on the Naira and halt the slide of the Nigerian capital markets, the Minister of Finance, Dr Ngozi Okonjo–Iweala, has again assured that the economy is growing positively in spite of the reduction of oil price in the international market. The... Read More

The News Blog

Ally-Khan Satchu, broke, Excess Crude Account, ngozi okonjo iweala, nigeria

November 17, 2013

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“Completely false” – Okonjo-Iweala responds to “missing N50bn Excess Crude” money (TWEET)

by Chi Ibe Yesterday, Governor Rotimi Amaechi was on fire at the Governor’s Forum Retreat in Sokoto. With all guns blazing, he also hit the President’s right hand woman, coordinating minister of the economy, Ngozi Okonjo-Iweala. As reported by the Nation The River State governor said the Excess Crude Account stood at $9billion last January... Read More

Excess Crude Account, governors, governors retreat, Nigerian Governors' Forum, Okonjo-Iweala, Rotimi Amaechi

August 10, 2013

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Nasir El-Rufai: Stunted potentials hinder our Nation’s growth

by Nasir El-Rufai The vision of that Obasanjo administration was to make this the last generation to merely speak of Nigeria’s potentials. We were determined to realize those potentials, confident that we had the talents to create wealth from the vast natural and human resource endowments of the country, leveraging the energies of its young... Read More

2007, africa, All Progressive Congress, budget, Eldorado, Excess Crude Account, jonathan, Nasir el-Rufai, Obasano, opinion, potentials, regime, ynaija

April 8, 2013

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Opinion: What I could not tell the Minister at the The Future Awards Symposium in Ekiti

by Kingsley Iweka “By 2030, boys will become men, ideas will become industries; yet seeds not sown will not yield harvest.” It is hard to convince the common Nigerian that we are a great nation, harder even to prove that we are headed for greatness. But does that mean we are not great, or not... Read More

Cheta Nwanze, economy, Ekiti, Excess Crude Account, financial leakages, Kingsley Iweka, ngozi okonjo iweala, TFA Symposium

February 25, 2013

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Ijeoma Nwogwugwu: My dismissal of Ezekwesili’s statement was knee-jerk

by Ijeoma Nwogwugwu Seeing the glaring conflict as well as the dawning realisation that my initial dismissal of Ezekwesili’s statement was knee-jerk, prompted me to make some discreet enquiries from the central bank to ascertain who was telling the truth. When Oby Ezekwesili, former Education Minister and World Bank Vice President for Africa, made... Read More

CBN, Excess Crude Account, ngozi okonjo iweala, nnpc, Oby Ezekwesili

January 31, 2013

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Opinion: Ezekwesili’s UNN speech: Questions and the search for closure

by Noel Ihebuzor Government should realise that it is the right of every citizen, including aspiring politicians, to ask questions. Citizens should also ask questions but should do so responsibly and constructively. Such question-asking is critical to good governance. The convocation address by the immediate past vice-president of the World Bank and former Minister of... Read More

Excess Crude Account, External reserves, Oby Ezekwesili

January 25, 2013

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Tragic choices: How Yar’Adua, Jonathan squandered N10.6trn – Oby Ezekwesili

by Isi Esene Oby Ezekwesili, former Vice President (Africa) of the World Bank and federal minister during the President Olusegun Obasanjo administration yesterday alleged that about $67bn had, in the last five years, been squandered by the two successive governments of Umar Musa Yar’Adua and Goodluck Jonathan. She reportedly said the money was left in... Read More

economy, Excess Crude Account, federal reserves, Goodluck Jonathan, Nsukka, Oby Ezekwesili, oil money, olusegun obasanjo, Umar Musa Yar'Adua, UNN, World Bank

January 6, 2013

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Opinion: The N60bn questions Reno Omokri and his principals must answer

by Kikiowo Ileowo The idea of importing phones from other countries is nothing short of exporting thousands of jobs and income to those economies, whereas, we could create those jobs here to add to our national GDP growth. In his controversial style of using social media, Reno Omokri- the Special Assistant to the President on... Read More

agriculture, Akinwumi Adesina, China, Excess Crude Account, Goodluck Jonathan, Reno Omokri

September 21, 2012

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See you in court: Nigeria Governors’ Forum sues FG over deductions from excess crude account

by Stanley Azuakola Once again, The Nigeria Governors Forum (NGF) said on Thursday that it would return to court to challenge the Federal Government’s deductions from the Excess Crude Account, to offset fuel subsidy payments. Speaking at the close of the forum’s meeting in Abuja, the chairman of the NGF, Chibuike Amaechi, said that the decision to... Read More

court, deductions, Excess Crude Account, nigeria governors' forum, subsidy

Unlike Fayose, Wike supports the $1bn ECA withdrawal

Presidency clarifies $1bn fund for Boko Haram

The YNaija Cover this evening – the 15th of December

Yes, shedding half of the Excess Crude Account 60 weeks from 2019 elections is suspicious

$1bn approved by governors is for Buhari’s re-election – Fayose

Governors approve $1 billion from Excess Crude Account to fight Boko Haram

“It’s nothing personal… just say the truth” | Oshiomhole tells Okonjo-Iweala

‘Intervention fund approved by PMB is not from the Excess Crude Account’, says Presidency

‘No withdrawal was made from the Excess Crude Account’ — AGF

Okonjo-Iweala replies, says there was no unauthorized spending

NGF asks Okonjo-Iweala to account for N20billion

@NOIweala must be commended for preparing for the rainy day

Court throws out suit against Excess Crude Account

@NOIweala assures on Nigeria as foreign investors “stand aside”

“Completely false” – Okonjo-Iweala responds to “missing N50bn Excess Crude” money (TWEET)

Nasir El-Rufai: Stunted potentials hinder our Nation’s growth

Opinion: What I could not tell the Minister at the The Future Awards Symposium in Ekiti

Ijeoma Nwogwugwu: My dismissal of Ezekwesili’s statement was knee-jerk

Opinion: Ezekwesili’s UNN speech: Questions and the search for closure

Tragic choices: How Yar’Adua, Jonathan squandered N10.6trn – Oby Ezekwesili

Opinion: The N60bn questions Reno Omokri and his principals must answer

See you in court: Nigeria Governors’ Forum sues FG over deductions from excess crude account

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