NATIONAL HOSPITAL FOR WOMEN AND CHILDREN, ABUJA (ESTABLISHMENT, ETC.) ACT

Section 18: Power to borrow.

1999Section 18 of 27Federal Republic of Nigeria

(1) The hospital 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 hospital shall not, without the approval of the President, borrow money which exceeds, at any time, the limit set by the President.
(3) Notwithstanding subsection (1) of this section, where the sum to be borrowed is in foreign currency, the hospital shall not borrow the sum without the prior approval of the President.

Cite this section

Section 18, NATIONAL HOSPITAL FOR WOMEN AND CHILDREN, ABUJA (ESTABLISHMENT, ETC.) ACT (1999).

https://repo.podus.ai/laws/national-hospital-for-women-and-children-abuja-establishment-etc-act/section/18/