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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration, People

Govs demand $1bln from Excess Crude account

Posted on 12 December 2012

Despite of the ongoing litigation between the federal and state governments over the Excess Crude, the state governors are asking for the release of $1 billion from the account, to enable them to meet their contractual obligations in their various states.
Rising from a meeting in the Presidential Villa, Abuja, on Tuesday, under the National Economic Council (NEC) presided over by Vice-President Namadi Sambo, they resolved to seek the intervention of the Attorney-General of the Federation on the best way to achieve it without subverting the court process………………………………………..Full Article: Source


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