NIGERIA DEPOSIT INSURANCE CORPORATION ACT, 2023

Section 20: Bank Account and Investment of Funds of the Corporation.

2023Section 20 of 100Federal Republic of Nigeria

(1) The Corporation shall have power to invest money not immediately required in Federal Government Securities or in such other securities as the Board may determine.
(2) The incomes from the money invested as prescribed by subsection (1) shall be credited to the account of the Corporation.
(3) All administrative expenses shall be defrayed out of the Operating Fund established under section 18 of this Act.

Cite this section

Section 20, NIGERIA DEPOSIT INSURANCE CORPORATION ACT, 2023 (2023).

https://repo.podus.ai/laws/nigeria-deposit-insurance-corporation-act-2023/section/20/