NATIONAL INSTITUTE FOR CULTURAL ORIENTATION ACT

Section 9: Funds of the Institute

1993Section 9 of 17Federal Republic of Nigeria

(1) The Board shall establish and maintain a fund which shall he applied towards the promotion of the objectives and functions specified in this Act.
(2) There shall be paid and credited to the fund established pursuant to subsection (1) of this section-
(a) such sums as may be provided by the Government of the Federation or of a State for payment into the fund;
(b) fees charged for services rendered by the Institute; and
(c) subject to section 10 (2) of this Act, all sums accruing to the Institute by way of gifts, testamentary disposition and endowments or contributions from philanthropic persons or organisations or otherwise howsoever.

Cite this section

Section 9, NATIONAL INSTITUTE FOR CULTURAL ORIENTATION ACT (1993).

https://repo.podus.ai/laws/national-institute-for-cultural-orientation-act/section/9/