NIGERIAN EDUCATION BANK ACT

Section 17: Fund of the Bank.

1993Section 17 of 30Federal Republic of Nigeria

(1) The Bank shall establish a fund from which shall be defrayed all expenditure incurred by the Bank.
(2) There shall be paid and credited into the fund-
(a) all interests received in respect of monies invested by the Bank;
(b)
all monies raised for the purposes of the Bank by way of gifts, loans, grants-in-aid, testamentary dispositions or otherwise;
(c) monies borrowed from any source approved by the Board; and
(d) such other monies as may, from time to time, accrue to the Bank.

Cite this section

Section 17, NIGERIAN EDUCATION BANK ACT (1993).

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