FEDERAL MORTGAGE BANK OF NIGERIA ACT
Section 14: Funds of the Mortgage Bank
(1) Without prejudice to section 13 of this Act, the Mortgage Bank shall maintain a fund which shall consist of-
(a) such sums as may, from time to time, be provided by the Federal Government for the purpose of this section by way of grant or loan or otherwise;
(b) such sums as may be paid to the Mortgage Bank in the course of its operations;
(c) all interests received in respect of moneys invested by the Mortgage Bank;
(d) all moneys raised for the purposes of the Mortgage Bank by way of gifts, loans, grants- in-aid, testamentary dispositions or otherwise;
(e) moneys borrowed from any source approved by the Board; and
(f) such other moneys as may, from time to time, accrue to the Mortgage Bank.
Cite this section
Section 14, FEDERAL MORTGAGE BANK OF NIGERIA ACT (1993).
https://repo.podus.ai/laws/federal-mortgage-bank-of-nigeria-act/section/14/