FEDERAL COMPETITION AND CONSUMER PROTECTION ACT

Section 24: Expenditures of the Comrnission

2018Section 24 of 168Federal Republic of Nigeria

(1) The Comnission shall apply the proceeds of the Fund to-
(a) the cost of administration of the Commission ; and
(b) the payment of salaries, fees, remuneration, allowances' pensions and gratuities payable to the members and the employees of the Commission, as the case may be ;
(c) the payment for all consultancies' contracts, including mobilisation, fluctuations, variations, legal fees and cost on contract administration as may be permissible under applicable laws ;
(d) the payment for all purchases ; and
(e) undertake such other activities as are connected with all or any of the functions ofthe Commission under this Act.
(2) Any excess of the Commission's revenue for any year over the approved expenditure for that year shall be remitted to the Consolidated Revenue Fund of the Federation.

Cite this section

Section 24, FEDERAL COMPETITION AND CONSUMER PROTECTION ACT (2018).

https://repo.podus.ai/laws/federal-competition-and-consumer-protection-act/section/24/