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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

ICAN, HURIWA query governors on sovereign wealth fund

Posted on 24 August 2011

The Institute of Chartered Accountants of Nigeria (ICAN) and a human rights group, Human Rights Writers Association (HURIWA) have condemned calls by the Nigerian Governors’ Forum for the scrapping of the recently established Sovereign Wealth Fund which replaced the Excess Crude Account where excess budgetary revenues are pooled for serious national intervention.
ICAN made its position known in Abuja yesterday when its newly installed President, Prof. Francis Ojaide and the Chairman of the Abuja District Society, Mallam Shehu Aladire spoke to journalists after a visit by the ICAN Executive to the Auditor-General of the Federation, Mr. Samuel Ukura, while HURIWA’s reaction is contained in a statement by its boss, Comrade Emmanuel Onwubiko……………………………………….Full Article: Source


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