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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Failed talks between FG, states threaten sovereign wealth fund

Posted on 26 March 2012

Failure by the federal government and the 36 states of the federation to reach an out-of-court settlement over the dispute arising from the maintenance of the Excess Crude Account and the transfer of $1 billion from the account to the Sovereign Wealth Fund (SWF), could threaten the fund.
The federal government and the 36 states of the federation will be heading back to court tomorrow following the collapse of talks between both sides on the legality of Excess Crude Account and the SWF………………………………………..Full Article: Source


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