| Supreme Court yesterday adjourned till March 8, 2016, the suit filed by 36 states of the federation against the Federal Government over a dispute arising from the maintenance of Excess Crude Account and the transfer of one billion dollars from the account to the Sovereign Wealth Fund, SWF.
The 36 states are praying the court to decide whether the states had a share in the SWF. The Supreme Court had earlier granted a request by the parties to settle the matter out of court and to explore an amicable resolution of the disagreement. When the matter came up for hearing yesterday, the Federal Government through its counsel from Wole Olanipekun and Austin Alegeh’s chambers informed the court that a new Attorney General of the Federation had just resumed office and will need time to study the case file for necessary action...............................................Full Article: Source |