Section 18 Investments and Securities Act 2025

Section 18 of the Investments and Securities Act 2025 is about Application of Fund of the Commission. It is under Part IV (Financial Provisions) of the Act. It provides as follows:

The Commission shall apply the proceeds of the Fund established under section 17 of this Act to —
(a) meet the cost of administration of the Commission;

(b) reimburse members of any committee set up by the Commission for expenses duly authorised or approved;
(c) pay the salaries, fees, allowances, pensions, gratuities, or other remuneration payable to the staff and members of the Board of the Commission;
(d) maintain any property acquired by or vested in the Commission;

(e) implement all or any of the functions and powers of the Commission under this Act or any matter connected with those functions and powers;
(f ) propagate capital market literacy in Nigeria; and
(g) meet any capital expenditure approved by the Board.