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Excess Crude Account: NEC advises FG, state government to settle out of court

The National Economic Council (NEC) on Wednesday urged Federal and states government to continue the peace talk on the excess crude oil account, which has been … Continue reading Excess Crude Account: NEC advises FG, state government to settle out of court


The National Economic Council (NEC) on Wednesday urged Federal and states government to continue the peace talk on the excess crude oil account, which has been source of acrimony between the two parties.

The governors had after its meeting on Wednesday decided to head back to the Supreme Court to enforce the Federal Government’s adherence to the constitution.

The Council met on Thursday to discuss various issues concerning the economy. Vice President Namadi Sambo is the statutory chairman of the council which also comprises of governors of the 36 states of the federation, governor of the Central Bank of Nigeria, minister of National Planning, the Attorney General of the federation and minister of Justice, minister of state, finance.

Briefing State House Correspondents at the end of this week’s meeting, the Kwara State governor, Abdulfatah Ahmed said the council encouraged both parties to continue the consultations towards working out an amicable solution.

“After considering a report by the Committee on the out-of-court settlement on the excess crude account litigation on the extent of the ongoing negotiations between the Federal and state governments, NEC encouraged the counsels of both parties to continue the consultations towards working out an amicable solution,” he said.


Mr Ahmed who was accompanied to the briefing by his Gombe State counterpart, Ibrahim Dankwambo and the Minister of National Planning, Shamsuddeen Usman, however said the council’s position was advisory.