EDUCATION ENDOWMENT FUND LAW OF LAGOS STATE

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EDUCATION ENDOWMENT FUND LAW

ARRANGEMENT OF SECTIONS

1.       Establishment of the Lagos State Education Endowment Fund

2.       Establishment of the Board of Trustees, etc.

3.       Functions of the Board

4.       Power of the Board

5.       Power to give directions to the Board

6.       Financial provisions

7.       Annual report

8.       Penalties for unauthorised collections

9.       Interpretation

10.     Citation and commencement

EDUCATION ENDOWMENT FUND LAW

A LAW TO ESTABLISH THE LAGOS STATE EDUCATION ENDOWMENT FUND AND THE BOARD OF TRUSTEES WHICH IS VESTED WITH THE RESPONSIBILITY TO MANAGE THE FUND AND FOR CONNECTED PURPOSES

[1989 No.12.]

[Commencement]                                                            [11th August 1989]

1.       Establishment of the Lagos State Education Endowment Law

(1)     There is established a Fund to be known as the Lagos State Education Endowment Fund (referred to as “the Fund”) for the purpose of raising money through private and public contributions to finance and improve the quality of education in the State.

(2)     The Fund will be an integral part of the Office of the Governor.

(3)     Subject to the supervision of the Governor or any authorised person with that they have and the provisions of Section 3 of this Law, the Fund will be manage by the Office of the Governor.

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