31.10.2011 - Nigeria: The sovereign wealth fund controversy
The recent unilateral inauguration of the controversial Sovereign Wealth Fund (SWF) by the Federal Government in defiance of opposition from state governors has set the stage for what may turn out to be a long-drawn legal tussle between the two arms of government. Although there appears to be pockets of support for the SWF among state chief executives, their umbrella body, Nigeria Governors Forum (NGF) headed by Rivers State Governor, rule of Rotimi Amaechi, dragged the Federal Government to the Supreme Court on October 24...............................................Full Article: Source
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