karl max: '
Definition of 'Excess Crude Account'

A Nigerian government account used to save oil revenues above a base amount derived from a defined benchmark price. The Excess Crude Account was established in 2004, and its objective is primarily to protect planned budgets against shortfalls due to volatile crude oil prices. By delinking government expenditures from oil revenues, the Excess Crude Account aims to insulate the Nigerian economy from external shocks.

Above is the meaning of ECA and why it was establised. The $5 billion ameachi claimed was missing was shared between the three tiers Of govt due to budget deficits at all levels of government in Nigeria and the steep drop in oil production due to oil thieft that forced a lot of oil companies to short down production this year. And of which ameachi and his government has accepted they received 62 billion from

That exactly what I'm saying. There is no recorded budget deficit or at least one known to us. Oil is selling above 100dollars, hence we should even be having more ECA. The FG is economical with the truth about our income from oil and Amaechi could be right that Nigeria is broke.