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

Nigerian state governors to return to court against wealth fund

Posted on 24 September 2012

The governors of Nigeria’s 36 states will go ahead with their law suit challenging the legal standing of the country’s $1 billion sovereign wealth fund.
The operation of the fund by the federal government violates a constitutional provision that all government revenue must be shared among that states and the center, the governors said……………………………………….Full Article: Source


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