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

Sovereign wealth fund is illegal, says Tukur

Posted on 31 May 2011

The former chairman of National Revenue Mobilisation and Fiscal Commission, Alhaji Hammam Tukur, has declared as “illegal” the Sovereign Wealth Fund bill that was signed into law by President Goodluck Jonathan last Thursday.
He said this was because the National Assembly did not have any right to legislate on money in the Federation Account……………………………………….Full Article: Source

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