NIGERIAN MINING CORPORATION ACT

Section 9: Establishment of fund by the Corporation

1972Section 9 of 21Federal Republic of Nigeria

(1) The Corporation shall establish and maintain a fund from which there shall be defrayed all expenditure by the Corporation.
(2) There shall be paid and credited to the fund established in pursuance of subsection (1) of this section-
(a) such sums as may, from time to time, be lent or granted to the Corporation by the Government of the Federation or a State;
(b) such sums as may, from time to time, be lent to the Corporation by any person;
(c) all property and investments acquired by or vested in the Corporation and all moneys earned or arising therefrom; and
(d) such sums as may be received by the Corporation in the course of its operations or in relation to the exercise of any or all of its functions under this Act.

Cite this section

Section 9, NIGERIAN MINING CORPORATION ACT (1972).

https://repo.podus.ai/laws/nigerian-mining-corporation-act/section/9/