Nigerian Children's Trust Fund Act

Arrangement of Sections

1. Establishment of the Nigerian Children's Trust Fund.

2. Establishment of the Board of Trustees, etc.

3. Functions of the Board.

4. Powers of the executive chairman to give directives.

5. Officers of the Fund.

6. Investment.

7. Penalty for unauthorised levy or contribution.

8. Exemption from tax.

9. Accounts.

10. Annual report.

11. Interpretation.

12. Short title.

NIGERIAN CHILDREN TRUST FUND

An Act to establish the Nigerian Children's Trust Fund and to set up a board of trustees to manage and administer the Fund for the provision of relief to Nigerian children in need and for matters connected therewith.

[10th October, 1990] [Commencement.]

WHEREAS the year 1979 was observed in Nigeria as the International Year of the Child;

AND WHEREAS it is necessary to build further upon the achievements of the said year through an integrated approach to child welfare services to the benefit of the Nigerian child;

AND WHEREAS it is expedient to establish a trust fund for the development of the Nigerian child into which fund payment shall be made partly by means of private subscriptions and partly by public monies; AND WHEREAS it is expedient to establish and incorporate a body to be known as the Board of Trustees of the Nigerian Children's Trust Fund and to make other provisions in connection therewith.

1. Establishment of the Nigerian Children's Trust Fund

(a) such monies as may be contributed by the Government of the Federation, a State or a local government;

(b) such sums of money as may be raised, from time to time, by the Board by way of contributions or donations from any person (whether corporate or unincorporated);

(c) monies earned or realised from any property or investment acquired by or vested in the Board of Trustees under this Act; and