TAFAWA BALEWA SQUARE MANAGEMENT ACT

Section 7: Borrowing power

1972Section 7 of 18Federal Republic of Nigeria

(1) The Board may, with the general authority given in that behalf by the Federal Government, borrow by way of loan or overdraft from any source any sums required by the Board for the discharge of its functions under this Act.
(2) The Board may, subject to the provisions of this Act and the conditions of any trust created in respect of any property, invest all or any of its funds with the consent or general authority given in that behalf by the Federal Government.
(3) The Board may invest any surplus funds of the Square in such securities as may be approved with any general authority given in that behalf by the Federal Government.

Cite this section

Section 7, TAFAWA BALEWA SQUARE MANAGEMENT ACT (1972).

https://repo.podus.ai/laws/tafawa-balewa-square-management-act/section/7/