NIGERIAN COMMUNICATIONS ACT

Section 17: Fund of the Commission.

2003Section 17 of 158Federal Republic of Nigeria

(1) The Commission shall establish and maintain a fund from which all expenditures incurred by the Commission shall be defrayed.
(2) The Fund shall comprise funds derived from but not limited to the following sources-
(a) such monies as may be appropriated to the Commission from time to time by the National Assembly;
(b) subject to subsection (3) of this section, fees charged by the Commission under this Act or its subsidiary legislation or under any licence issued pursuant to this Act;
(c) gifts, loans, grants, aids, etc ; and
(d) all other assets that may from time to time accrue to the Commission.
(3) The Commission shall pay all monies accruing from the sale of spectrum under Part 1 of Chapter VIII into the Consolidated Revenue Fund.

Cite this section

Section 17, NIGERIAN COMMUNICATIONS ACT (2003).

https://repo.podus.ai/laws/nigerian-communications-act/section/17/