FINANCE (CONTROL AND MANAGEMENT) ACT

Section 23: Rules for management of funds

1958Section 23 of 24Federal Republic of Nigeria

(1) Disbursement from any funds specified in the First Schedule to this Act (other than the Development Fund and the Contingencies Fund) shall be made in accordance with rules to be made by the Minister and approved by Resolution of the National Assembly.
[First Schedule. L.N. 139 of 1965.]
(2) All rules made under subsection (1) of this section shall be consistent with the provisions of law regulating that fund.
(3) The Development Fund and the Contingencies Fund referred to in the First Schedule to this Act shall be operated in accordance with the rules set out in the Second and Third Schedules to this Act; and the provisions of the Second and Third Schedules may be amended by further rules made by to this act the Minister and published in the Federal Gazette:
Provided that such further rules shall cease to have effect if a Resolution at the next meeting of the National Assembly thereafter shall so require.
[First, Second and Third Schedule.]

Cite this section

Section 23, FINANCE (CONTROL AND MANAGEMENT) ACT (1958).

https://repo.podus.ai/laws/finance-control-and-management-act/section/23/