Section 10: Sources of funding

(1) There shall be paid and credited to the Fund established by this Act-
(a) all monies accruing to the Fund by virtue of subsection (1) of section 1 of this Act;
(b) the annual subvention received from the Federal Government;
(c) such money as may, from time to time, be lent, deposited with or granted to the Fund by the Government of the Federation, of a State or local government;
(d) all subventions, fees and charges for services rendered or publications made by the Fund; and
(e) all other assets which may, from time to time, accrue to the Fund.
(2) The Fund shall be managed in accordance with rules made by the President and without prejudice to the generality of the power to make rules under this subsection, the rules shall in particular contain provisions-
(a) specifying the manner in which the assets of the Fund are to be held and regulating the making of payments into and out of the Fund; and
(b) requiring the keeping of proper accounts and records for the purposes of the Fund in such form as may be specified in the rules.
(3) The Board may, from time to time, apply the proceeds of the Fund for the following purposes-
(a) the cost of administration of the Fund and the Board;
(b) the payment of salaries, fees and other remuneration, allowances, pension and gratuities payable to members or employees of the Fund or experts or professional appointed by the Board.