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

Excess Crude Account: FG, states seek out-of-court settlement

Posted on 18 July 2012

Federal Government lawyers and those of governors of the 36 states of the federation have been directed to finalise their positions on the Excess Crude Account and resolve within themselves in two weeks time before the next National Economic Council (NEC) meeting ahead of the September 2nd date given by the Supreme Court to settle out-of-court.
Also, the Federal Government has hinted that it wouldsoft pedal on domestic debts which, according to it, has reached a critical level………………………………………..Full Article: Source


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