Section 272 Investments and Securities Act

Section 272 of the Investments and Securities Act 2025 is about Loans to be charged upon revenue. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

The principal money and interest represented or secured by any bond or securities issued under this Act shall be charged on and payable out of the general revenue and assets of the body concerned and of the assets of the appropriate authority or project which is the beneficiary of the proceeds of the issue.

See also  Section 16 Nigerian Electricity Act 2023

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