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FAAC Set Up Committee On ECA Mgt, Shares N714.8Bn To Govts

The Federation Account Allocation Committee (FAAC) on Thursday at its meeting held in Abuja set up a committee to come up with rules that would guide the effective management of the Excess Crude Account (ECA). The Excess Crude Account, which is the account where oil earnings above the yearly budgetary crude oil benchmark are deposited, […]