curator
Administrator
LAgos — Governor Babatunde Fashola of Lagos State, yesterday, denounced the move by the Federal Government to inaugurate the Sovereign Wealth Fund, SWF, stressing that it negates the country’s constitution.
“The 1999 Constitution does not allow us to do what we are doing,” Fashola said.
It will be recalled that, a month ago, President Goodluck Jonathan inaugurated the council of the Nigerian Sovereign Investment Authority, NSIA, also known as SWF, where he canvassed for the support of the contributors, to realise the set objective of the fund.
Fashola made the remarks, yesterday, during a courtesy visit by the NSIA management led by the Chairman of the Board of Directors, Mr. Mahey Rasheed, at the Lagos House, Alausa Secretariat, Ikeja.
Source: Vanguard Newspaper
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http://www.vanguardngr.com/2013/10/fashola-slams-fg-swf-says-unconstitutional/#sthash.0DV6Eqms.dpuf
“The 1999 Constitution does not allow us to do what we are doing,” Fashola said.
It will be recalled that, a month ago, President Goodluck Jonathan inaugurated the council of the Nigerian Sovereign Investment Authority, NSIA, also known as SWF, where he canvassed for the support of the contributors, to realise the set objective of the fund.
Fashola made the remarks, yesterday, during a courtesy visit by the NSIA management led by the Chairman of the Board of Directors, Mr. Mahey Rasheed, at the Lagos House, Alausa Secretariat, Ikeja.
Source: Vanguard Newspaper
Continue Reading
http://www.vanguardngr.com/2013/10/fashola-slams-fg-swf-says-unconstitutional/#sthash.0DV6Eqms.dpuf