PORTS ACT

Section 19: Advance account for working capital.

1956Section 19 of 138Federal Republic of Nigeria

(1) So soon as may be after the vesting day, the Authority shall, in respect of any moneys advanced by the Government to the Authority to provide for working capital, create an advance account in favour of the Government equivalent to the total amount of such advances.
(2) The advance account created under subsection (1) of this section, shall be subject to such conditions as to interest and repayment as the President may, from time to time,determine.

Cite this section

Section 19, PORTS ACT (1956).

https://repo.podus.ai/laws/ports-act/section/19/