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

Supreme Court insists on political end to sovereign wealth’s dispute

Posted on 10 May 2013

Conceding to the Federal Government the last chance to resolve the case on the Sovereign Wealth Fund Account amicably, the Supreme Court in Abuja Thursday held that the dispute was political and would better be resolved out-of-court. The apex court expressed this view while speaking to the Federal Government’s legal team led by Chief Wole Olanipekun (SAN) when the matter came up.
But the panel, presided over by Justice Walter Ononghen who led six other justices, said that the court would have no choice than to proceed with hearing the case should the Federal Government fail to take advantage of the out-of-court settlement option for the last time………………………………….Full Article: Source


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