ELECTRIC POWER SECTOR REFORM ACT

Section 53: Surplus funds of the Commission.

2005Section 53 of 101Federal Republic of Nigeria

If, following an audit of the Commission's accounts under section 56, the auditors determine that a portion of the funds received pursuant to section 52 are surplus to the budgeted requirements of the Commission, such surplus funds shall be paid by the Commission to the Rural Electrification Fund established under Part IX of this Act, subject to approval by the National Assembly.

Cite this section

Section 53, ELECTRIC POWER SECTOR REFORM ACT (2005).

https://repo.podus.ai/laws/electric-power-sector-reform-act/section/53/