scraps

Senate scraps Excess Crude Account

The Senate on Tuesday 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”. Senator Mohammed Hassan moved for the amendment... Read More

The News Blog

Excess Crude Access, scraps, senate

November 4, 2015

President Buhari scraps SURE-P, orders probe

President Muhammadu Buhari has ordered the scrapping of the Subsidy Reinvestment and Empowerment Programme (SURE-P). Buhari also directed the Presidential Committee and workers of the agency to halt all operations. The order was disseminated on Wednesday, via a letter sent to the SURE-P Committee from the Office of the Secretary to the Government of the... Read More

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