• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

      DG NITDA Inuwa Kashifu at the GITEX Nigeria

      Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

  • National
    • Military troops

      Army Neutralise Scores of Bandits as 8 Security Guards Killed in…

      Military Arrest Suspected Kidnapper in Niger, Foil Terrorist Attacks in Sokoto

      Military Troops in Action

      Troops Launch Offensive Against Terrorists in Zamfara, Arrest Collaborators in Sokoto

      Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Abubakar Audi

      Audi mourns as NSCDC loses 8 operatives after rescue operation in…

      Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

    • Government
      • JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting…

        Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

        Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

        Officers of NSCDC Mining Marshals

        Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

        FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots…

  • Security
    • Military troops

      Army Neutralise Scores of Bandits as 8 Security Guards Killed in…

      Troops Neutralise Gunrunner, Armed Militia, Recover Weapons in Plateau

      Troops of Operation Hadin Kai after successfully foiling an ambush by Boko Haram/ISWAP Terrorists

      Troops Neutralise Militia After Failed Attempt to Disarm Soldier in Plateau

      NAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar…

      Kano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder…

  • Features
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      ACP Olumuyiwa Adejobi

      DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication

      (L-R) Yahaya Bello and Usman Ododo of APC Kogi

      RECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat Bello

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Crisis Communication

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

  • State
    • Military troops

      Army Neutralise Scores of Bandits as 8 Security Guards Killed in…

      Troops Neutralise Gunrunner, Armed Militia, Recover Weapons in Plateau

      NAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar…

      JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting…

      Kano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder…

  • Event
    • BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Vice President Kashim Shettima and President Bola Ahmed Tinubu

      Shettima at 59: Tinubu Hails VP’s Loyalty, Commitment to Service

      Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

    • PR Nigeria Award
  • E-Paper
Home Government Only N359bn Distributed at Emergency FAAC and Not from ECA
  • Government

Only N359bn Distributed at Emergency FAAC and Not from ECA

By
Kenechukwu N. Offie
-
July 7, 2015
PRNigeria logo fearured image

The Accountant-General of the Federation Alhaji Ahmed Idris has noted with great concern that the information in the public domain is inconsistent with the details of the amount distributed at the emergency Federation Accounts Allocation Committee (FAAC) meeting held on Monday 6th July 2015.

Consequently, it has become necessary to provide further clarification about the outcome of the said emergency FAAC meeting.

a. That the amount distributed was not from the Excess Crude Account ECA but rather the accrued company income tax (CIT) realised from the Liquefied Natural Gas (LNG) N359, 374,355, 607.60

b. That the amount that was distributed was less the cost of collection

c. the Federal government got 56.68% amounting to N181,745,674,112.72

d. the State governments got 26.72% amounting to N92,183,834,705.62

Read Also:

  • Army Neutralise Scores of Bandits as 8 Security Guards Killed in Katsina
  • Troops Neutralise Gunrunner, Armed Militia, Recover Weapons in Plateau
  • Troops Neutralise Militia After Failed Attempt to Disarm Soldier in Plateau

e. local government councils got 20.60% amounting to N71,069,872,564.96.

The Accountant-General of the Federation Alhaji Ahmed Idris makes this clarification in order to provide Nigerians with the correct and authentic information about the outcome of the proceedings at the Federation Accounts Allocation Committee meeting held on Monday 6th July 2015.

The public is also invited to please note that no withdrawal was made from the Excess Crude Account (ECA) and that the current balance still remains $2.1 billion.

Signed

Kenechukwu N. Offie
Head and Deputy Director
Press and Public Relations
Tuesday 7th July 2015.

PRNigeria encourages institutions to be transparent in their information management as it provides news items from authoritative sources for free use by the media

 

 

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
Previous articleAbuja Housing Show kicks off; stakeholders to device strategies for affordable housing delivery
Next articleNEMA Calls for Blood Donation for Victims of Bomb Blasts
Kenechukwu N. Offie
Kenechukwu N. Offie
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting Tinubu

Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

Officers of NSCDC Mining Marshals

Nigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo Laruba

FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots Anti-Corruption Drive

ASUU-STRIKE

Strikes in Nigeria and the Collapse of Public Service By Tahir Ahmad

President Bola Ahmed Tinubu

Tinubu Orders Mandatory Health Insurance Implementation Across MDAs

Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private Sector Growth

School Students

New Education Curriculum: Full List of JSS, SS Subjects

Tinubu Orders Overhaul of Katsina Security Operation, Hints at State Police

Minister of Interior Olubunmi Tunji-Ojo

Eid-ul-Maulud: FG Declares Friday Public Holiday

Care365 Health Hub

VP Shettima, Health Minister Endorse Care365 Drive for Inclusive Healthcare

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Army Neutralise Scores of Bandits as 8 Security Guards Killed in Katsina
  • Troops Neutralise Gunrunner, Armed Militia, Recover Weapons in Plateau
  • Troops Neutralise Militia After Failed Attempt to Disarm Soldier in Plateau
  • NAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar Jamel
  • JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting Tinubu
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Army Neutralise Scores of Bandits as 8 Security Guards Killed in KatsinaTroops Neutralise Gunrunner, Armed Militia, Recover Weapons in PlateauTroops Neutralise Militia After Failed Attempt to Disarm Soldier in PlateauNAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar JamelJUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting TinubuKano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder CaseMilitary Arrest Suspected Kidnapper in Niger, Foil Terrorist Attacks in SokotoTroops Launch Offensive Against Terrorists in Zamfara, Arrest Collaborators in SokotoAudi mourns as NSCDC loses 8 operatives after rescue operation in EdoGanduje: A Lifetime of Service Beyond Politics By Garba Yusuf AbubakarDCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police CommunicationNSCDC, Army Foil Bandit Attack on Plateau FarmersEid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun PartisanshipTroops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in KatsinaMilitary Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto, Kebbi
X whatsapp