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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Reps probe N114bln withdrawal from Stabilisation Account

Posted on 30 March 2012

The House of Representatives mandated its Joint Committees on Finance and Appropriations to investigate alleged indiscriminate withdrawals from the stabilisation account by the Federal Government.
The stabilisation account is meant to be used to fund deficits in the budget when oil price is below the approved budget bench mark price………………………………………..Full Article: Source


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