Section 16: Vesting of certain assets in the Board.
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/