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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