New NRF Bill to strengthen transparency, allows for lawful spending of oil money – President Ali

His Excellency, Dr. Mohamed Irfaan Ali has said the National Resources Fund Bill 2021, will strengthen transparency, allowing any withdrawals from the nation’s Sovereign Wealth Fund (SWF) to be thoroughly scrutinised. During a live broadcast on Tuesday, the Head of State emphasised that the proposed amendments will remove the “extraordinary powers” that were previously vested […]

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