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Sovereign Wealth Funds Briefing - Categorized | Financials, People

Excess Crude Oil Account:Osun govt warns against $1bln withdrawal for SWF

Posted on 21 May 2012

The state government of Osun has warned the Minister of Finance, Mrs. Ngozi Okonjo-Iweala, against withdrawing a whopping $1billion from the Excess Crude Oil Account for the Sovereign Wealth Fund (SWF).
Okonjo-Iweala had, some few days ago, said that the Federal Government would withdraw the sum of $1billion from the Excess Crude Oil Account and to be saved at the SWF on behalf of the 36 states of the federation………………………………………..Full Article: Source

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