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

SWF: States, FG know fate November

Posted on 27 September 2012

The Supreme Court yesterday fixed Nov. 21 for the federal and state governments to brief it on the out-of-court settlement option over the one billion dollars (N5.5 trillion) Sovereign Wealth Funds controversy. Justice Christopher Chukwuma-Ene gave the date after parties had briefed the court on the latest steps toward amicable settlement of the matter.
“The court shall for the last time indulge parties with the application for adjournment filed by the defendant. This matter is, therefore, adjourned to Nov. 21 for parties to brief the court on the finality of the settlement option. The court shall, however, commence hearing of the case if agreement was not reached on that date,’’ he said………………………………………..Full Article: Source


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