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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, People

Tinubu kicks against sovereign wealth fund

Posted on 02 November 2011

Former Governor of Lagos State and leader of Action Congress of Nigeria, ACN, Asiwaju Bola Ahmed Tinubu has joined the growing number of prominent Nigerians kicking against the establishment of Sovereign Wealth Fund (SWF) by President Goodluck Jonathan.
Tinubu in a statement today said that the SWF as structured by President Jonathan is illegal because it violates the constitutional provisions concerning the allocation of revenue to the three tiers of government and improperly confiscates funds meant for state and local government………………………………………..Full Article: Source


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