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

APC legislators ask court to declare Excess Crude Account illegal

Posted on 07 February 2014

The leadership of the All Progressives Congress (APC) in the House of Representatives has filed an originating summon at a Federal High Court, Abuja challenging the legal status of the excess crude oil account.
The suit, no.FHC/ABJ/CS/30/2014, was filed January 22 by legal counsel, Mr. Yemi Candide-Johnson (SAN), on behalf of the plaintiff: the House Minority Leader, Femi Gbajabiamila; and others who asked the court for the proper interpretation of Section 162 of the 1999 Constitution………………………………………..Full Article: Source


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