The Nigerian Sovereign Investment Authority (NSIA) , the body responsible for managing Nigeria's Sovereign Wealth Fund(SWF) has said all funds and assets managed by it are intact and fully accounted for as detailed in its audited financial statement for the year ended 2014. Its accounts are audited by PriceWaterCooper (PWC). The fund realized a net comprehensive income of N15.8 Billion in the year ended December 31 2014, in comparism with N505 million which was made in December 2013.
The SWF had a seed capital of $1 Billion and assets were allocated as follows; 20 per cent in the Stabilization Fund, 40 per cent in the Future Generation Fund and 40 per cent in the Nigeria Infrastructure Fund. The organization added “The NSIA states categorically
that it has never been invited by the Adhoc Committee on the Management
of the Excess Crude Account proceeds and accruals of the National
Economic Council to make a submission on its operations in the first
instance.
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