NIGERIAN SAFETY INVESTIGATION BUREAU (ESTABLISHMENT) ACT, 2022

Section 24: Power to borrow

2022Section 24 of 67Federal Republic of Nigeria

(1) The Bureau may, with the approval of the Board, borrow money on such terms and conditions as it may require in the performance of its functions under this Act.
(2) Notwithstanding the provisions of subsection (1), the Bureau shall not borrow money which exceeds the limit set by the Federal Government, and where the sum to be borrowed is in foreign currency, the Bureau shall not borrow the sum without the prior approval of the President and in consultation with Central Bank of Nigeria.

Cite this section

Section 24, NIGERIAN SAFETY INVESTIGATION BUREAU (ESTABLISHMENT) ACT, 2022 (2022).

https://repo.podus.ai/laws/nigerian-safety-investigation-bureau-establishment-act-2022/section/24/