Section 22: Disbursement of the NSSEC Fund

(1) The Commission shall disburse the money in the NSSEC Fund established under section 21 of this Act for the development of senior secondary education in Nigeria.
(2) the NSSEC Fund shall be disbursed by the Commission directly to —
(a) the Federal Unity Colleges; and
(b) State Senior Secondary Education Board, and the FCT Senior Secondary Education in accordance with the criteria set by the Commission.
(3) The Commission shall, before the disbursement of the money in the NSSEC Fund, set aside in each year 5% of the total money accruing to the NSSEC Fund in the preceding year, which shall be applied to —
(a) monitor and evaluate Federal Government’s interventions under this Act; and
(b) such other activities as legal service or any other activity incidental to the objectives of the NSSEC Fund.
(4) Notwithstanding the provisions of subsection (2) of this Act, the Commission shall have power to sanction any Senior Secondary Education Board that applied previous disbursement of the NSSEC Fund for other purposes contrary to the provisions of this Act.