President Tinubu Signs EO For Direct Remittance Of Oil And Gas Revenues To Federation Account.
President Bola Tinubu has signed and gazetted an Executive Order, effective February 13, 2026, directing that oil and gas revenues due to the Federation , including Royalty Oil, Tax Oil, Profit Oil, Profit Gas and related receipts be remitted directly to the Federation Account...The EO, issued pursuant to Section 5 and anchored on Section 44(3) of the Constitution, is intended to restore
Stella Dimokokorkus -