Section 3: Powers of the Legion

In order to carry out the functions conferred upon it by section 2 of this Act, the Legion
shall have such powers, and take such steps as it considers to be appropriate with a
view to acquiring the necessary resources, including power to-(a) borrow money either from government institutions, commercial banks or any other financial institution;
(b) buy shares in companies;
(c) canvass for and collect donations on any occasion, especially during the Armed Forces Remembrance Day Celebrations;
(d) conduct bazaars and auction sales;
(e) subject to the Land Use Act, acquire interest in, take on lease or otherwise acquire offices, houses or other buildings, lands and hereditaments which may, from time to time, be required for the purposes of the Legion or for effectuating any of its functions under this Act;
[Cap. L5.]
(f) construct and alter any offices, houses or other buildings or works which may, from time to time, be required for the purposes of the Legion or for effectuating any of its functions under this Act;
(g) invest monies belonging to the legion not for the time being required for any of its objectives in any investments allowed by law for the investment of trust funds;
(h) manage, sell, lease, mortgage, dispose of or otherwise deal with all or any property of the Legion, subject to the Land Use Act, in respect of land vested in the Legion;
[Cap. L5.]
(i)
enter into any arrangement with any Government in Nigeria with reference to the conduct of the business or operation of the Legion and to apply to any Government in Nigeria to accept any rights, privileges and other assistance which may be conducive to the functions and objectives of the Legion under this Act;
(j) employ any person whose services will be of benefit to the Legion; and
(k) grant pensions or gratuities to employees of the Legion.