Imported User:
Osun State Government has warned the Minister for Finance, Mrs Ngozi Okonjo-Iweala against withdrawing the sum of $1billion from the Excess Crude Oil Account for the Sovereign Wealth Fund (SWF).
Okonjo-Iweala had some few days ago said the Federal Government would withdraw the sum of $1billion from the Excess Crude Oil Account to be saved in the SWF on behalf of the 36 states of the federation.
Reacting to Okonjo-Iweala’s proposed step, the State Commissioner for Information and Strategy, Akinrogun Sunday Akere, said any activities on the Excess Crude Oil Account are expected to be suspended, pending the determination of the suit filed against the FG by the 29 states on the account.
Akere in an interview with LEADERSHIP, yesterday in Osogbo, said the Finance Minister’s actions on the SWF amounted to executive lawlessness and that they were inconsistent with the rule of law.
