Business Finance Minister, Adeosun Reveals Excess Crude Account Balance For June

[ProfRem]

The Minister of Finance, Mrs Kemi Adeosun, told the National Economic Council (NEC) yesterday that the Excess Crude Account stood at $3.93bn as at July 20, 2016.

The account was $2.259bn in May. - Excess Crude Account Balance For May



Adeosun, also said that the Federal Account Allocation Committee (FAAC) distributed the sum of N559.032 billion to the three tiers of government.

How FG, States, LG Shared Allocation for June 2016

 

[curator]

It is probably more important to have a statement of account so we see how it is being used.

 

[ProfRem]

It is probably more important to have a statement of account so we see how it is being used.

It is a highly classified statement... even EFCC cannot see it, talk less of 'we'.