THE NIGERIA POLICE TRUST FUND (ESTABLISHMENT) ACT, 2019

Section 20: Accounts of the Trust Fund.

2019Section 20 of 29Federal Republic of Nigeria

(1) There shall be maintained for the Trust Fund, an account into which shall be paid all money accruing to the Trust Fund under section 4 of this Act.
(2) The Board of Trustee shall also Open and maintain an account into which shall be paid money received for management of the Trust Fund under section 19 (2) of this Act.
(3) The accounts referred to in subsections (1) and (2) shall be managed in accordance with the extant financial regulations.
(4) The Board of Trustee shall apply the proceeds of-
(a) the Trust Fund for the purposes set out in section 5 of the Act; and
(b) the money referred to in subsection (2) to meet the cost of administration, including payment of salaries, fees, other remunerations and allowances payable-
(i) to members of the Board of Trustee and employees of the Trust Fund, and
(ii) for payment of experts, professionals and consultants engaged by the Board of Trustee for Trust Fund.

Cite this section

Section 20, THE NIGERIA POLICE TRUST FUND (ESTABLISHMENT) ACT, 2019 (2019).

https://repo.podus.ai/laws/the-nigeria-police-trust-fund-establishment-act-2019/section/20/