CENTER FOR LAWS OF NIGERIA: FEDERAL LAWS
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TERTIARY EDUCATION TRUST FUND (ESTABLISHMENT, ETC) ACT, 2011
EXPLANATORY MEMORANDUM
This Act repeals the Education Tax Act Cap. E4, Laws of the Federation of Nigeria, 2004 and Education Tax Fund Act No. 17, 2003 and establishes the Tertiary Education Trust Fund charged with the responsibility for imposing, managing and disbursing the tax to public tertiary institutions in Nigeria.
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ARRANGEMENT OF SECTIONS
1. Imposition of tertiary education tax.
2. Assessment and collection of tax.
3. Establishment of the Tertiary Education Trust Fund.
4. Establishment of the Board of Trustees.
5. Cessation of membership.
6. Functions of the Board of Trustees.
7. Management and administration of the Fund.
8. Appointment of the Executive Secretary and other staff of the Fund.
9. Pension.
10. Offences.
11. Penalties.
12. Jurisdiction.
13. Limitation of suits against the Fund, etc.
14. Service of documents.
15. Restriction on execution against property of the Fund.
16. Indemnity of officers.
17. Regulations.
18. Repeal.
19. Savings.
20. Interpretation.
21. Citation.
Schedule
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TERTIARY EDUCATION TRUST FUND (ESTABLISHMENT, ETC) ACT, 2011
An Act to repeal the Education Tax Act Cap. E4 Laws of the Federation of Nigeria, 2004 and Education Tax Fund (Amendment) Act No. 17, 2003 and establish the Tertiary Education Trust Fund charged with the responsibility for imposing, managing and disbursing The Education Tax to public tertiary education institutions in Nigeria; and for related matters.
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[Commencement] [3rd Day of June, 2011]
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ENACTED by the National Assembly of the Federal Republic of Nigeria –
ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED)
LAWS MADE BY THE NATIONAL ASSEMBLY OF NIGERIA [1999 – 2019]