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Nigeria: Governors assemble legal team to challenge SWF

Posted on 05 September 2011

Mr. Olisa AgbakobaGovernors are not relenting in their efforts to challenge the establishment of the Sovereign Wealth Fund, a special statutory account into which the three tiers of government are meant to save excess accruals from oil sales above the budget benchmark and other excess revenues.
The governors, under the auspices of the Nigeria Governors’ Forum, had reached out to some lawyers to challenge the legality of the wealth fund at the Supreme Court for them……………………………………….Full Article: Source


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