NATIONAL LOTTERY ACT

Section 35: Establishment of the National Lottery Trust Fund.

2005Section 35 of 58Federal Republic of Nigeria

(1) There is established a fund to be known as the National Lottery Trust Fund (in this Act referred to as "the Trust Fund") into which shall be credited a percentage of the net proceeds of a national lottery as prescribed under section 24 of this Act.
(2) The Trust Fund-
(a) shall be a body corporate with perpetual succession and a common seal;
(b) may sue or be sued in its corporate name; and
(c) shall have the power to acquire, hold, mortgage, purchase or deal howsoever with property, whether movable or immovable real or personal.

Cite this section

Section 35, NATIONAL LOTTERY ACT (2005).

https://repo.podus.ai/laws/national-lottery-act/section/35/