NATIONAL DIRECTORATE OF EMPLOYMENT ACT

Section 10: Borrowing power.

1989Section 10 of 20Federal Republic of Nigeria

(1) The Directorate may, with the consent of the Minister or in accordance with the general authority issued in that behalf by the Minister, borrow, by way of loan or overdraft from any source, any monies required by the Directorate for meeting its obligations and discharging its functions under this Act.
(2) The Directorate may, with the consent of the Minister or in accordance with the general authority issued in that behalf by the Minister, lend money from its own fund, towards the specific and general implementation of its programmes and objectives.
(3) The terms and conditions of lending any money under subsection (2) of this section shall be as approved by the Board, from time to time.

Cite this section

Section 10, NATIONAL DIRECTORATE OF EMPLOYMENT ACT (1989).

https://repo.podus.ai/laws/national-directorate-of-employment-act/section/10/