NATIONAL BOUNDARY COMMISSION (ESTABLISHMENT) ACT

Section 27: Power to borrow.

2006Section 27 of 41Federal Republic of Nigeria

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

Cite this section

Section 27, NATIONAL BOUNDARY COMMISSION (ESTABLISHMENT) ACT (2006).

https://repo.podus.ai/laws/national-boundary-commission-establishment-act/section/27/