26.03.2012 - Sovereign wealth fund: S-Court begins hearing on 36 govs’ suit
Five months after governors of the 36 states of the federation dragged the Federal Government before the Supreme Court over plans to transfer $1 billion from the “Excess Crude Account” to a new a new account to be known as the “Sovereign Wealth Fund,” the apex court has ordered the two parties to appear before it today, for hearing to commence on the matter. A seven-man panel of the court, headed by the Chief Justice of Nigeria, CJN, Justice Dahiru Musdapher, has assumed jurisdiction of the legal dispute following an outright collapse of an out-of-court mediation between the warring parties...............................................Full Article: Source
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