Section 15: Council Fund and the research and development fund.

(1) There is established and maintained by the Council, a fund (in this Act referred to as “the Council Fund”) into which shall be paid and credited-
(a) all allocations from the Federal Government as may be appropriated by the National Assembly ;
(b) such money as may be borrowed, deposited or granted to the Council by the Government of the Federation or of a State;
(c) all grants received from both local and international organisations for the purpose of the Council ;
(d) penalties, fees, charges, administrative costs of proceedings, and other money payable to the Council under this Act ;
(e) all money received by the Council as gifts, loans, contributions, testamentary deposition or donations ; and
(f) all other money and assets which may accrue to the Fund.
(2) There is established the Research and Development Fund into which shall be paid
(a) such sums as may be provided or appropriated by the Council from the Council Fund for the purpose of research and development, and
(b) such sums as may be provided for that purpose by the Federal
Government ;
(3) The Research and Development Fund shall be used for the promotion and encouragement of best practices in the advertising, advertisement and marketing communications sector.
(4) The Council Fund shall be managed in accordance with the provisions of the relevant extant laws in Nigeria.