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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

NIgeria: SWF, illegal, unconstitutional and fraudulent, says ACN

Posted on 09 August 2012

Alhaji Lai MohammedThe Action Congress of Nigeria (ACN) condemned the aggressive clamour by the Federal Government to set up the so called Sovereign Wealth Fund (SWF), describing the fund as illegal, unconstitutional, fraudulent and anti-federalism.
In a statement issued in Abeokuta, Ogun State, by its National Publicity Secretary, Alhaji Lai Mohammed, the party said no argument can justify the creation of the SWF, pointing out that any governor who supports its creation does not understand what federalism is all about and risks impeachment………………………………………..Full Article: Source


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