COMMUNITY BANKS ACT

Section 4: Establishment of the fund

1990Section 4 of 38Federal Republic of Nigeria

(1) The Board shall establish and maintain a fund for the promotion and development of banks under this Act.
(2) There shall be paid and credited to the fund established pursuant to subsection (1) of this section-
(a) such moneys as may be provided by the Government of the Federation or of a State for payment into the fund;
(b) fees charged for services rendered by the Board;
(c) all sums accruing to the Board by way of gifts, testamentary dispositions and endowments or contributions from philanthropic persons or organisations or otherwise howsoever.

Cite this section

Section 4, COMMUNITY BANKS ACT (1990).

https://repo.podus.ai/laws/community-banks-act/section/4/