12.05.2014 - CBN’s quest for constitutional backing for SWF
The Central Bank of Nigeria (CBN), a few days ago, reopened the de­bate on the legality, or otherwise, of the Sovereign Wealth Fund (SWF) when it sought the assistance of the Public Finance Committee of the ongoing National Conference for a full constitutional provision for the fund. The establishment of the fund by President Goodluck Jonathan in 2012 to replace the Excess Crude Account (ECA) has been a contentious legal issue that has split the Federal Government and state governors...............................................Full Article: Source
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