Section 12: Establishment of fund by the Commission

(1) The Commission shall establish and maintain a Fund consisting of such moneys as may in each financial year be appropriated by the Government of the Federation for the purposes of the Commission.
(2) The Commission shall defray from the Fund established pursuant to subsection (1) of this section, all the amounts payable under or in pursuance of this Act, being sums representing-
(a) amounts payable to the Chairman and other members of the Commission (including allowances);
(b) costs of employment of staff of the Commission;
(c) amounts payable as pensions, gratuities and other retirement benefits under or pursuant to this Act or any other enactment;
(d) costs of acquisition and upkeep of premises belonging to the Commission and any other capital expenditure of the Commission;
(e) any other payment for anything incidental to the foregoing provisions or in connection with or incidental to any other functions of the Commission under or pursuant to this Act.
(3) The Chairman of the Commission shall be the accounting officer for the purpose of controlling and disbursing amounts from the Fund established pursuant to this section.