NATIONAL THEATRE AND THE NATIONAL TROUPE OF NIGERIA BOARD ACT

Section 13: Borrowing powers.

1991Section 13 of 19Federal Republic of Nigeria

(1) The Board may, with the consent or in accordance with the general authority given by the President, borrow by way of loan such sums as it may require in the exercise of its functions under this Act.
(2) The Board may, subject to the provisions of this Act and the conditions of any trust created in respect of any property, invest all or any of its funds in securities as may be approved by the Minister.

Cite this section

Section 13, NATIONAL THEATRE AND THE NATIONAL TROUPE OF NIGERIA BOARD ACT (1991).

https://repo.podus.ai/laws/national-theatre-and-the-national-troupe-of-nigeria-board-act/section/13/