Section 14: Fund of the Commission.

(1) The Commission shall establish and maintain a fund from which shall be defrayed all expenditure incurred by the Commission.
(2) There shall be paid and credited to the fund established pursuant to subsection (I) of this section-
(a) such percentage of fees and levy to be charged by the Commission on the annual income of licensed broadcasting stations owned, established or operated by private individual(s), Federal State or local government;
(b) such moneys as may, from time to time, be lent or granted to the Commission by the Government of the Federation or of a State.
(c)
all moneys raised for the purposes of the Commission by way of gifts, loans, grants-in-aid, testamentary disposition or otherwise;
(d) all other assets that may, from time to time, accrue to the Commission.
(3) The fund shall be managed in accordance with rules made by the Commission and without prejudice to the generality of the power to make rules under this subsection, the rules shall in particular contain provisions-
(a) specifying the manner in which the assets or the fund of the Commission are to be held and regulating the making of payments into and out of the fund; and
(b) requiring the keeping of proper accounts and records for the purpose of the fund in such form as may be specified in the rules.
(4)
No person shall offer for sale, sell or have in his possession with a view to selling in the course of his business, any installation, mechanism, instrument, material or other apparatus-
(a) constructed for the purpose of; or
(b)
intended to be used for,
wireless telegraphy except under and in accordance with a licence issued by the Commission in that behalf.
[1999 No. 55.]