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

Nigeria’s sovereign wealth fund: No deal yet between FG, states

Posted on 10 May 2013

Nigeria’s Federal Government and state governors on Thursday, at the resumed hearing of the suit filed by the governors against the illegal diversion of funds for the Sovereign Wealth Fund at the Supreme Court, disagreed over the success of the out of court settlement talks.
While the governor berated the Federal Government for its insincerity about the out of court settlement, the Federal Government claimed that progress is being made and that it would be wrong for the governors to claim that the progress made was not appreciable by their assessment………………………………….Full Article: Source


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