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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Sovereign Wealth Fund, an administrative terrorism

Posted on 07 March 2014

Ekiti State House of Assembly, the other day, trivialized an otherwise very serious constitutional issue by calling on the National Assembly to immediately commence impeachment proceedings against President Goodluck Jonathan. The impeachable offence cited? Compulsory deduction, at source, from the revenue allocation due to the states as contribution to an unconstitutional Sovereign Wealth Fund.
Following the resolution of Ekiti State House of Assembly, it is a matter of time for the remaining 35 state houses of assembly to sheepishly pass similar resolution………………………………………..Full Article: Source


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