NATIONAL AGENCY FOR FOOD AND DRUG ADMINISTRATION AND CONTROL ACT

Section 22: Power to borrow.

1993Section 22 of 32Federal Republic of Nigeria

(1) The Agency may, from time to time, borrow by overdraft or otherwise such sums as it may require for the performance of its functions under this Act.
(2) The Agency shall not, without the approval of the Minister, borrow money which exceeds, at any time, the limit set by the Minister.
(3) Notwithstanding subsection (1) of this section, where the sum to be borrowed is in foreign currency the Agency shall not borrow the sum without the prior approval of the Minister.

Cite this section

Section 22, NATIONAL AGENCY FOR FOOD AND DRUG ADMINISTRATION AND CONTROL ACT (1993).

https://repo.podus.ai/laws/national-agency-for-food-and-drug-administration-and-control-act/section/22/