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

ACN faults FG on SWF

Posted on 02 November 2011

The Action Congress of Nigeria, ACN, has strongly condemned the aggressive clamour by the Federal Government to set up the so-called Sovereign Wealth Fund (SWF), describing the fund as illegal, unconstitutional, fraudulent and anti-federalism.
In a statement issued in Abeokuta, Ogun State, Tuesday by its National Publicity Secretary, Alhaji Lai Mohammed, the party said there is absolutely no argument that can justify the creation of the illegal SWF………………………………………..Full Article: Source


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