FINANCE (CONTROL AND MANAGEMENT) ACT

Section 20: Interest and investment fluctuation to accrue to certain funds

1958Section 20 of 24Federal Republic of Nigeria

Unless by the provisions of law regulating any fund specified in the First Schedule to this Act it is provided that interest earned by that fund shall accrue to the Consolidated Revenue Fund, that interest, and all receipts, earnings and other items accruing in respect of such fund, shall be credited to the fund itself, and any appreciation or depreciation in the value of any investments of such fund arrived at in accordance with section 22 of this Act shall similarly be taken to the account of that fund.

Cite this section

Section 20, FINANCE (CONTROL AND MANAGEMENT) ACT (1958).

https://repo.podus.ai/laws/finance-control-and-management-act/section/20/