Section 11: Restriction on Loans, Gifts or Benefits to Certain Public Officers

The President or Vice-President, Governor or Deputy Governor, Minister of the Government of the Federation or Commissioner of the Government of a State or any other public officer who holds office of a Director-General or head of any public corporation, university, or other parastatal organisation shall not accept-(a) a loan, except from government or any of its agencies or a bank, building society or other financial institution recognised by law; or
(b) any benefit of whatever nature from any company, contractor, businessman or the nominee or agent of such person:
Provided that the head of a public corporation or of a university or other parastatal organisation may, subject to the rules and regulations of any such body, accept a loan from any such body .