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Nigeria: Presidency Releases More Details On $1bn Excess Crude Fund
Vanguard, 23 July 2019
The Presidency, yesterday, released more details on how $1billion removed from the excess crude account for security was spent. Read more »
Account for U.S.$1 Billion Security Fund, Opposition Tells Buhari
The main opposition Peoples Democratic Party has called on the government to explain the whereabouts of U.S.$1 billion that is reportedly missing from the excess crude account security fund. The party alleged that the money was spent by President Muhammadu Buhari on the 2019 elections. But the presidency, in a swift reaction, said it spent U.S.$490 million on buying 12 Tucano jets, describing PDP as a party under socio-emotional distress.
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Nigeria: Presidency, PDP At Loggerheads Over $1bn ECA Security Fund
Leadership, 22 July 2019
The presidency and the opposition Peoples Democratic Party (PDP) are back tothe trenches over the latter's claim that the whereabouts of the $1billion drawn from the treasury by… Read more »
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Nigeria: Presidency, Former Ruling Party Row Over U.S.$1 Billion Crude Account Fund
Premium Times, 21 July 2019
The Peoples Democratic Party (PDP) has tackled the presidency over what it termed the shocking revelations by the National Security Adviser (NSA), Babagana Mongunu, on the… Read more »
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Nigeria: $1bn ECA Fund - We Paid $490 Million for Tukano Jets - Presidency
Vanguard, 21 July 2019
The Presidency Sunday said that the opposition Peoples Democratic Party, PDP, was under socio-emotional distress by alleging that the $1 billion approved from the Excess Crude… Read more »
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Nigeria: PDP Asks Buhari to Probe Missing $1bn ECA Security Fund
Daily Trust, 21 July 2019
The Peoples Democratic Party (PDP) has appealed to President Muhammadu Buhari to allow for a system-wide investigation into the alleged missing $1billion as well as the handling of… Read more »
InFocus
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The country's excess crude account which saves excess revenue generated from the current oil price, has been ranked as the most poorly-governed among similar funds operated ... Read more »
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Senate President Bukola Saraki has assured Nigerians that money approved by governors from the excess crude account for the fight against terrorism would not be spent until due ... Read more »
