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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Sovereign wealth fund: Zoning stalls composition of members

Posted on 11 May 2011

Ahmed LawanThe Senate suspended the consideration of the Sovereign Wealth Fund bill following divisions among senators on the composition of members of the Governing Council of the Fund. Clause 8(h) of the bill stipulates the appointment of four reputable Nigerians as members, Governing Council.
But some senators were quick to point out that the provision failed to justify the diversity of the country in the make-up of the council……………………………………….Full Article: Source


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