12.12.2011 - Nigeria: Governors give fresh conditions to back Wealth Fund
Governors will make a new request at today’s National Economic Council (NEC) – voluntary participation in the Sovereign Wealth Fund (SWF). Besides, they are mounting pressure on the Presidency to concede 30 per cent equity to them in the distribution companies of the Power Holding Company of Nigeria (PHCN). President Goodluck Jonathan has got legal advice from the Attorney-General of the Federation, Mohammed Bello Adoke (SAN), to go ahead with the implementation of the Fund, which the states opposed, saying it is illegal...............................................Full Article: Source
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