NIGERIAN NATIONAL PETROLEUM CORPORATION (PROJECTS) ACT

DOWNLOAD OF A COPY OF THIS LAW IS AVAILABLE [N1,500 (PDF)] CLICK HERE FOR ONLINE PAYMENT AND DOWNLOAD. PDF COMPENDIUMS OF ALL THE LAWS OF NIGERIA, LAGOS AND OTHER STATES ARE ALSO AVAILABLE. EMAIL: lawnigeria@gmail.com or info@lawnigeria or Text/WhatsApp +23407067102097

LAWS OF THE FEDERATION OF NIGERIA

NIGERIAN NATIONAL PETROLEUM CORPORATION (PROJECTS) ACT

–

ARRANGEMENT OF SECTIONS

1. Power of Corporation to borrow in any currency, etc.
2. Power to give security, etc.
3. Power to enter into agreement.
4. Interpretation.
5. Short title.

–

NIGERIAN NATIONAL PETROLEUM CORPORATION (PROJECTS) ACT

An Act to empower the Nigerian National Petroleum Corporation to borrow money in any currency for the purposes of executing an approved project.

–

[Commencement.]                                            [23rd August, 1993]                  

–

1. Power of Corporation to borrow in any currency, etc.

(1)    Notwithstanding anything to the contrary contained in any law or enactment, the Nigerian National Petroleum Corporation (in this Act referred to as “the Corporation”) shall be empowered, subject to the provisions of this Act, to borrow money in any currency and on such terms and conditions as the Board of the Corporation may deem necessary to carry out an approved project (in this Act referred to as “a project”).

ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)