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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials, People

Deduction from the federation account into sovereign wealth fund is not right

Posted on 17 July 2012

Constitutionally it is not right. In one of my appearances Chairman, Revenue Mobilization Allocation and Fiscal Commission (RMAFC) Engineer Elias Mbam criticized the governors because they are briefed by the formal minister of finance Olusegun Aganga, that at the inception of it everybody agreed that the idea was good.
The process is a different thing. The then minister briefed us at the National Assembly that it went through the national economic council, federal executive council, national council of states and the governors were present and they all agreed……………………………………….Full Article: Source

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