FINANCE (CONTROL AND MANAGEMENT) ACT

Section 10: Investments General. Procedure concerning these

1958Section 10 of 24Federal Republic of Nigeria

(1) The Accountant-General shall maintain under the designation of Investments General a record of certain investments.
(2) Investments General shall consist of-
(a) those investments forming part of Consolidated Revenue Fund by virtue of section 9 of this Act;
(b) any investments held in respect of moneys being part of the Contingencies Fund referred to in section 15 of this Act;
(c) such investments held in respect of the public funds of the Federation specified in the First Schedule to this Act that the Minister shall designate in writing:
Provided that the Minister shall not designate any fund in respect of which by virtue of the provisions of law regulating such fund neither the receipts and outgoings nor the appreciation and depreciation of the investments forming part of the fund may accrue or does accrue to the Consolidated Revenue Fund.

Cite this section

Section 10, FINANCE (CONTROL AND MANAGEMENT) ACT (1958).

https://repo.podus.ai/laws/finance-control-and-management-act/section/10/