NIGERIAN SAFETY INVESTIGATION BUREAU (ESTABLISHMENT) ACT, 2022

Section 18: Emergency Fund

2022Section 18 of 67Federal Republic of Nigeria

(1) The Bureau shall have and maintain at any given time, an emergency fund not below the sum of N500,000,000 only in a special account with the Central Bank of Nigeria to cater for investigation of any major transportation occurrence.
(2) In conformity with the requirements of the applicable international convention, instrument or protocol, proceeds arising from the emergency fund established and maintained for the Bureau under subsection (1) shall remain so, until expended and shall be replenished by the Bureau thereafter.

Cite this section

Section 18, NIGERIAN SAFETY INVESTIGATION BUREAU (ESTABLISHMENT) ACT, 2022 (2022).

https://repo.podus.ai/laws/nigerian-safety-investigation-bureau-establishment-act-2022/section/18/