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

Nigeria: SWF- FG, states’ out-of-court settlement collapses

Posted on 26 March 2014

The federal government yesterday informed the Supreme Court that the out-of-court settlement with the 36 states of the federation over dispute arising from the maintenance of the Excess Crude Account and the transfer of $1 billion from the account to the Sovereign Wealth Fund (SWF) has collapsed.
After the apex court was told that talks between the parties involved in the matter had broken down, the presiding justice of Supreme Court (JSC) Walter Onnonghen set the case down for definite hearing on September 23, 2014………………………………..Full Article: Source


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