21.09.2015 - $700m Stolen From Sovereign Wealth Fund – Oshiomhole
Edo State Governor, Comrade Adams Oshiomhole, has said that the Managers of the Sovereign Wealth Fund (SWF) could not account for $700 million out of the $1billion contributed for the fund. Oshiomhole who spoke to State House Correspondents at the Presidential Villa after a meeting with Vice President Yemi Osinbajo on Thursday night claimed that records made available to his committee showed that only $300 million was left in the fund. This is contrary to the claims made by the Managing Director and Chief Executive of the Nigeria Sovereign Investment Authority (NSIA), Uche Orji that the $1 billion seed fund had been invested and generated a profit of N15.7m into government coffers...............................................Full Article: Source
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