Section 11: Financial provisions

(1) The Legion shall establish and maintain a fund from which shall be defrayed all expenditure incurred by the Legion.
(2) There shall be paid or credited to the fund-
(a) such sums of money as may be provided by Federal Government from time to time;
(b) the assets inherited by the Legion from the Nigerian Legion established by the
Nigerian Legion Act;
[1964 No. 18.)
(c) all other assets or monies from time to time accruing to the Legion from any other source.
(3) The fund shall be managed in accnrdance with rules made by the Minister and the Minister charged with responsibility for finance acting jointly.
(4) Without prejudice to the generality of the power to make rules conferred by subsection (3) of this section the rules shall in particular include provisions--
(a) specifying the manner in which the assets of the fund are to be held and regulating the making of payments to and from the fund;
(b) requiring the keeping of proper accounts and records for the purposes of the fund in such form as may be specified by the rules;
(c) requiring copies of the accounts and of the auditor's report on them to be furnished to the Minister within four months after the end of the year to which the accounts relate; and
(d) requiring the Minister to submit to the Federal Governmennt copies of all accounts and reports received by him in pursuance of paragraph (c) of this subsection.