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Rep Lasun proffers alternative to excess crude account

The House of Representatives moved to legalise the Excess Crude Account in a bid to restructure the distributable revenue to the three arms of government.

A bill for an Act to amend the Allocation of Revenue (Federation Account etc) Act Cap, A15 Laws of the Federation of Nigeria, 2004 to establish the Excess Revenue Fund Account and for other related matters,” passed through second reading on the floor.

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