NIGERIAN GEOLOGICAL SURVEY AGENCY (ESTABLISHMENT) ACT

Section 25: General Reserve Fund.

2006Section 25 of 47Federal Republic of Nigeria

(1) Without prejudice to the power of the Agency to set aside from its General revenue, appropriate amounts for replacement, contingencies or other purpose, the Agency shall establish and maintain a general reserve fund and such other reserve fund as the Minister may, from time to time, approve.
(2) The management of the general reserve fund, amount to be credited and charges to be made against the general reserve fund and any other application of the moneys comprised in the general reserve fund shall be as the Board may, with the approval of the Minister, determine.
(3) No part of the money credited to the general reserve fund of the Agency shall be applied otherwise than for the purpose of the Agency.

Cite this section

Section 25, NIGERIAN GEOLOGICAL SURVEY AGENCY (ESTABLISHMENT) ACT (2006).

https://repo.podus.ai/laws/nigerian-geological-survey-agency-establishment-act/section/25/