GOVERNMENT PROMISSORY NOTES ACT

Section 17: Deficiency in sinking fund to be a charge upon revenue.

1960Section 17 of 23Federal Republic of Nigeria

In the event of a sinking fund established under section 12 of this Act being found, at the time fixed for the repayment of the loan in respect of which it was established, to be insufficient for such redemption, the deficiency shall be made good out of the general revenue and assets of the Federation.

Cite this section

Section 17, GOVERNMENT PROMISSORY NOTES ACT (1960).

https://repo.podus.ai/laws/government-promissory-notes-act/section/17/