The Senate on Tuesday called for the abolition of Excess Crude Account.
The Upper Chamber also called on the executive to pay the amount above the oil benchmark into the Federation Account in compliance with the constitution.
It further requested the executive to act in conformity with Sections 80 of the 1999 Constitution in its revenue receipt and expenditure.
The resolutions followed a motion by Rose Oko and co-sponsored by 18 other senators.
Presenting the motion, Oko said the account was set up in 2004 to provide savings for the country and stabilisation for the economy during periods of shortfalls in oil revenue.
She stressed that the accruals to the account was expected to be the amount above the benchmark of crude oil sales.