NIGERIA MARITIME UNIVERSITY, OKERENKOKO (ESTABLISHMENT) ACT, 2024

Section 4: General Fund of the University.

2024Section 4 of 28Federal Republic of Nigeria

1 There shall be a General Fund of the University, which shall consist of-
a grant-in-aid;
b fees;
c 5% of sums in the Cabotage Finance Fund;
d income derived from investments;
e gifts, legacies, endowments and donations not accepted for a particular Purpose;
f income derived from the performance of any function conferred or imposed on the University by this Act; and
g all other money belonging to the University from whatsoever source derived.

2 The General Fund shall be applied for the purpose of the University.

Cite this section

Section 4, NIGERIA MARITIME UNIVERSITY, OKERENKOKO (ESTABLISHMENT) ACT, 2024 (2024).

https://repo.podus.ai/laws/nigeria-maritime-university-okerenkoko-establishment-act-2024/section/4/