NATIONAL ASSEMBLY LIBRARY TRUST FUND (ESTABLISHMENT) ACT, 2022

Section 17: Accounts of the Trust Fund.

2022Section 17 of 26Federal Republic of Nigeria

(1) There shall be maintained for the Trust Fund, an account into which shall be paid all money accruing to the Trust Fund under section 4 of this Act.
(2) The Board of Trustees shall also open and maintain an account with the Central Bank of Nigeria (CBN) for the Trust Fund into which shall be paid money received for management of the Trust Fund under section 3 of this Act.
(3) The accounts referred to in subsections (1) and (2) shall be managed in accordance with the extant financial regulations.
(4) The Board of Trustees shall apply the proceeds of-
(a) the Trust Fund for the purposes set out in section 4 of the Act; and
(b) the money referred to in subsection (2) to meet the cost of administration, including payment of salaries, fees, other remunerations and allowances payable -
(i) to members of the Board of Trustees and employees of the Trust Fund, and
(ii) for payment of experts, professionals and consultants engaged by the Board of Trustees for Trust Fund.

Cite this section

Section 17, NATIONAL ASSEMBLY LIBRARY TRUST FUND (ESTABLISHMENT) ACT, 2022 (2022).

https://repo.podus.ai/laws/national-assembly-library-trust-fund-establishment-act-2022/section/17/