Section 22: Investment in securities.

(1) The Agency may, subject to the provisions of this Act and the conditions of any trust created in respect of any property, invest any or all money in its Fund, not immediately required for its current expenditure in -
(a) any security prescribed by the Trustee Investments Act or in such other securities as may be approved by the Minister; [Cap. T22, LFN, 2004.]
(b) any securities created or issued by or on behalf of the Federal Government, as may be approved by the Board;
(c) the purchase or improvement of any land in any part of the Federation; or
(d) any venture in Nigeria as may be approved by the Minister, including investment in stocks quoted on the Nigerian Stock Exchange.
(2) In the exercise of its powers of investment of its Fund under subsection (1), the Agency may vary any of such investments and may deposit any money for the time being un-invested with any bank approved by the Agency in line with government Regulations.