| The House of Representatives has taken steps to keep the planned nation’s Sovereign Wealth Fund (SWF) with the Central Bank of Nigeria (CBN) and other investment and commercial banks. This is to discourage plans on the management of the fund with foreign banks.
The move was initiated following the debate on a motion by Aminu Suleiman, who said unless contributors to the Sovereign Wealth Fund (SWF) were compelled to keep their funds in local viable banks, other governments may deviate from the original aim of the sovereign investment fund...............................................Full Article: Source
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