NIGERIAN PORTS AUTHORITY ACT

Section 18: Power to borrow money temporarily

1999Section 18 of 128Federal Republic of Nigeria

(1)
The Authority may, with the approval of or general authority given by the Minister, borrow temporarily, by way of loan, overdraft or otherwise, such sums, repayable on demand or within one year after the date of borrowing, as the Authority may require for meeting its obligations and discharging its functions under this Act.
(2) The sums specified under subsection (1) of this section, may be borrowed from the Government or from any other person on such terms and conditions as may be approved by the Minister.

Cite this section

Section 18, NIGERIAN PORTS AUTHORITY ACT (1999).

https://repo.podus.ai/laws/nigerian-ports-authority-act/section/18/