PETROLEUM INDUSTRY ACT, 2021

Section 246: Engagement of fund managers.

2021Section 246 of 320Federal Republic of Nigeria

1 The Board of Trustees shall engage a fund manager to invest the reserve fund as the fund accrues

2 The Board of Trustees shall manage the interest and profits accruable from the investment of the reserve fund and allocate the gain in accordance with section 244 of this Act.

Cite this section

Section 246, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/246/