Section 9: Fund of the Council.

(1)
The Council shall establish and maintain a fund which shall be applied towards the attainment of the Council's objectives and from which shall be defrayed all expenditure incurred by the Council.
[1992 No. 64.]
(2)
There shall be paid and credited to the fund established pursuant to subsection (1) of this section-
(a)
ten percent of levies of freight collected by the Nigerian Maritime Authority;
(b)
such sums as may, from time to time, be granted to the Council by the Federal Government;
(c)
all monies raised for the purpose of the Council by way of gifts, grants-in-aid and income from investments; and
(d) all subscriptions, fees and charges for services rendered by the Council and all
other sums as may accrue to the Council from any other source.
[1992 No. 64.]