VOICE OF NIGERIA CORPORATION ACT
Section 19: Fund of the Corporation
(1) The Corporation shall establish and maintain a fund which shall consist of-
(a) such sums as may be provided to it by the Federal Government;
(b) any fees charged for services rendered by the Corporation; and
(c) all other sums accruing to the Corporation by way of gifts, testamentary disposition and endowments or contributions from philanthropic persons or organisations or otherwise howsoever.
(2) The Corporation shall, from time to time, apply the proceeds of the fund established pursuant to subsection (1) of this section-
(a) to the cost of administration of the Corporation;
(b) for reimbursing members of the Corporation or of any committee for such expenses as may be expressly authorised by the Corporation in accordance with the rates approved by the President;
(c) to the payments of salaries, fees or other remuneration or allowances and pensions, gratuities and other retiring benefits payable to the employees of the Corporation, so however that no payment of any kind under this paragraph (except such as may be expressly authorised by the Corporation) shall be made to any person who is in receipt of emoluments from any Government of the Federation or State;
(d) for the maintenance of any property acquired or vested in the Corporation; and
(e) for and in connection with all or any of the functions of the Corporation specified under this Act.
Cite this section
Section 19, VOICE OF NIGERIA CORPORATION ACT (1990).
https://repo.podus.ai/laws/voice-of-nigeria-corporation-act/section/19/