STANDARDS ORGANISATION OF NIGERIA
Section 20: Power to borrow.
(1) The Organisation may, from time to time, borrow by overdraft or otherwise, such sums as it may require for the performance of its functions under this Act.
(2) The Organisation shall not, without the approval of the Minister, borrow money which exceeds, at any time, the limit set by the Minister.
(3) Notwithstanding subsection (1) of this section, where the sum to be borrowed is in foreign currency the Organisation shall not borrow the sum without the prior approval of the Minister.
Cite this section
Section 20, STANDARDS ORGANISATION OF NIGERIA (2015).
https://repo.podus.ai/laws/standards-organisation-of-nigeria/section/20/