| The Federal Government got a yellow card from the Osun State Government not to withdraw $1 billion from the Excess Crude Account for the Sovereign Wealth Fund (SWF). Finance Minister Dr Ngozi Okonjo-Iweala recently spoke of plans to transfer $1 billion from the Excess Crude Account to the SWF on behalf of the 36 states.
But reacting to the minister’s proposal through its Information and Strategy Commissioner Sunday Akere, the Osun State Government said activities on the Crude Account ought to have been suspended pending the determination of the suit filed against the Federal Government by 29 states...............................................Full Article: Source
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