NEWS AGENCY OF NIGERIA ACT

Section 16: Vesting of certain assets in the Board.

1976Section 16 of 18Federal Republic of Nigeria

Upon the commencement of this Act, all moneys or other assets, if any, in the custody or control of any person by virtue of any authority whatsoever given to or received by such person for or on behalf of the Agency in anticipation of the commencement of this Act together with interest, if any, accruing thereon shall be deemed to form part of the income of the Agency and shall be transferred to and be vested in the Board.

Cite this section

Section 16, NEWS AGENCY OF NIGERIA ACT (1976).

https://repo.podus.ai/laws/news-agency-of-nigeria-act/section/16/