FINANCE (CONTROL AND MANAGEMENT) ACT

Section 16: Unexpended votes to lapse

1958Section 16 of 24Federal Republic of Nigeria

Subject to any express provision of an Appropriation Act or supplementary Appropriation Act, moneys appropriated thereby and not expended shall lapse and accrue to the Consolidated Revenue Fund at the expiration of the year in respect of which they are appropriated.

Cite this section

Section 16, FINANCE (CONTROL AND MANAGEMENT) ACT (1958).

https://repo.podus.ai/laws/finance-control-and-management-act/section/16/