Section 14 Joint Revenue Board of Nigeria (Establishment) Act 2025

Section 14 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Fund of the Board. It provides as follows:

(1) The Board shall establish and maintain a fund (in this Act referred to as “the Fund”) for the performance of its functions under this Act.

(2) There shall be paid and credited to the Fund established under subsection (1) –
(a) annual membership fees or subscriptions payable by members of the Board ;
(b) additional contributions from members to fund activities of the Board ;

(c) donations, gifts of land or other property, loans, grants, aid, endowments and voluntary contributions upon such terms and conditions, as may be specified by the person or organisation, provided that the terms and conditions are not contrary to the functions and powers of the Board under this Act ;

(d) returns on investments of the Board ; and

(e) such other moneys or assets which may accrue to the Board from other sources, including charges for regulatory or statutory services, the disposal, lease or hire of, or any other dealing with any property vested in or acquired by the Board.

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