Is $1 Billion excess crude money missing? FAAC demands explanation

Nigeria we hail thee.According to Premium times,The November meeting of the Federation Accounts Allocation Committee, FAAC,ended in confusion on Tuesday as representatives of Nigeria’s 36 states and the Federal Capital Territory accused the federal government of not accounting for about $1billion(N168 billion) of excess crude oil money.
This was disclosed to reporters on Tuesday night by Mr.Timothy Odaah who is the Chairman of State Commissioners of Finance,that no state knew how the $1 billion difference reported in the Excess Crude Account balance, between October and November, came about.

Before the  FAAC in October,the Minister of Finance, Ngozi Okonjo-Iweala, had told reporters that the balance of the Excess Crude Account stood at $4.11billion.
But,at the end of the FAAC meeting on Tuesday, the Minister of state for Finance, Bashir Yuguda, told reporters that the current savings in the ECA had a balance of about $3.1 billion, raising questions about the $1billion difference.Read more from Premiumtimes .