CHARTERED INSTITUTE OF DEVELOPMENT STUDIES AND ADMINISTRATION OF NIGERIA (ESTABLISHMENT) ACT, 2023
Section 22: Investment of the Fund of the Institute
(1) The Council may invest the Fund of the Institute in accordance with the Security and Investment Act.
(2) The Institute may apply the proceeds of the Fund of the Institute to -
(a) the general administration of the Institute;
(b) the payment of the emoluments, fees and other entitlements of members of the Council;
(c) the payment of salaries, allowances or other remunerations and benefits payable to the officers and other employees of the Institute;
(d) the development and maintenance of any property vested in or owned by the Institute; and
(e) such other activities that will promote the growth of the Institute or are connected with its functions.
Cite this section
Section 22, CHARTERED INSTITUTE OF DEVELOPMENT STUDIES AND ADMINISTRATION OF NIGERIA (ESTABLISHMENT) ACT, 2023 (2023).
https://repo.podus.ai/laws/chartered-institute-of-development-studies-and-administration-of-nigeria-establishment-act-2023/section/22/