Does this include the oil sales’ account held by the NNPC in JP Morgan of United States?
That one also is an account of the CBN. All dollar-denominated accounts are not accounts of the OAGF; they are all under the control of the CBN. I don’t have anything to do with them until they go into Federation Account where they are shared and I get my own, which is what I have control over. Otherwise I don’t have any statutory power. The revenues that I monitored are local revenues from ministries, departments and agencies of government. You see, people misunderstand the role of the AGF in that when there are inefficiencies in some other agencies of government in relation to finance; they say it is the AGF. But, the AGF does not play any role in crude oil sales and distribution as well as dollar-denominated accounts. I am also looking forward to them collecting more money into the Federation Account, so that we will get more money to finance our budget. How transparent is the management of the Excess Crude Proceeds Account by the Finance Ministry and OAGF? As at April 2007, the exc
