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

Nigeria: SWF: Settlement suffers setback

Posted on 23 November 2012

The out of court settlement between the 36 states of the federation and the Federal Government over the battle on the Sovereign Wealth Fund (SWF) has again suffered a set back. The parties were expected to report to the Supreme Court on Thursday, but could not do so because no agreement had been reached.
The Federal Government, through its counsel, Chief Wole Olanipekun told the court that they were yet to agree to the terms of settlement. He, therefore, prayed the court for an adjournment so as to enable them reach a formidable settlement………………………………………..Full Article: Source


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