FEDERAL SAVINGS BANK ACT

Section 9: Salaries and other expenses of the Bank

1972Section 9 of 23Federal Republic of Nigeria

(1) All expenses incurred in the execution of this Act shall be met from the funds of the Bank.
(2) For the purposes of subsection (2) of this section, the expenses shall be the cost of any work or service (including salaries) done by or in connection with the Bank, including the cost of administrative and other overhead expenses as may, with the approval of the Minister, be reasonably assigned to that work or service.

Cite this section

Section 9, FEDERAL SAVINGS BANK ACT (1972).

https://repo.podus.ai/laws/federal-savings-bank-act/section/9/