COMMODITY BOARDS ACT

Section 7: Funds of each Board.

1977Section 7 of 27Federal Republic of Nigeria

The funds and resources of each Commodity Board shall be-(a) such sums as may be provided thereto by the Government of the Federation for the purposes of this Act either by way of loans or grants or otherwise howsoever;
(b) moneys derived from the sale of commodities;
(c) moneys earned or arising from any property or investments acquired by or vested in the Board under or pursuant to this Act;
(d) all sums as may from time to time be lent to the Board by any person; and
(e) all sums or assets which may in any manner become payable to or vested in the Board in respect of any matter incidental to its functions.

Cite this section

Section 7, COMMODITY BOARDS ACT (1977).

https://repo.podus.ai/laws/commodity-boards-act/section/7/