NIGERIA NATURAL MEDICINE DEVELOPMENT AGENCY (ESTABLISHMENT) ACT, 2019.
Section 18: Power to borrow money.
1 The Agency may, with the approval of the Board and consent of the Minister and in line with financial regulations, borrow by overdraft or otherwise, such sums as it may require for the performance of its functions under this Act.
2 The Agency shall not, without any approval of the Board and consent of the Minister, borrow money which exceeds, at any time, the financial regulations.
3 The Agency shall not borrow in foreign currency, without the prior approval of the President.
4 For the purpose of this section, any money borrowed by the Agency from any of its affiliated units shall be disregarded.
Cite this section
Section 18, NIGERIA NATURAL MEDICINE DEVELOPMENT AGENCY (ESTABLISHMENT) ACT, 2019. (2019).
https://repo.podus.ai/laws/nigeria-natural-medicine-development-agency-establishment-act-2019/section/18/