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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

Nigeria: SWF - FG, states settlement bid fails

Posted on 23 May 2012

The Supreme Court Monday in Abuja fixed September 25 for the definite hearing of the suit filed by governors of the 36 states of the federation against the Federal Government over the Sovereign Wealth Fund (SWF).
This followed the failure of the federal and state governments to reach amicable out-of-court settlement. The apex court had on March 26 adjourned the matter to enable the 36 states and the Federal Government settle the dispute on the Excess Crude Account (ECA) out of court………………………………………..Full Article: Source


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