NIGERIAN INSTITUTE OF INTERNATIONAL AFFAIRS ACT, 2023

Section 23: Power to borrow

2023Section 23 of 38Federal Republic of Nigeria

(1) The Council may, with the consent of or in accordance with the general authority given by the President, borrow, by way of loan from any source, any money required by the Council for meeting its obligations and performing the functions of the Institute under this Act;
(2) The Council may, subject to the provisions of this Act and the conditions of any trust created in respect of any property, invest all or any of its funds as may be approved by the President;
(3) The Minister may, with the approval of the President, issue directives to the Council as to the investment of surplus funds of the Institute.

Cite this section

Section 23, NIGERIAN INSTITUTE OF INTERNATIONAL AFFAIRS ACT, 2023 (2023).

https://repo.podus.ai/laws/nigerian-institute-of-international-affairs-act-2023/section/23/