Section 123 of the 1999 Constitution of Nigeria

Section 123 of the Constitution of Nigeria 1999 is about Contingencies Fund. It is under Chapter V (The legislature) of the Act.

(1) A House of Assembly may by law make provisions for the establishment of a Contingencies Fund for the State and for authorising the Governor, if satisfied that there has arisen an urgent and unforeseen need for expenditure for which no other provision exists, to make advances from the Fund to meet that need.

(2) Where any advance is made in accordance with the provisions of this section, a supplementary estimate shall be presented and a Supplementary Appropriation Bill shall be introduced as soon as possible for the purpose of replacing the amount so advanced.

Credit: Policy and Legal Advocacy Centre (PLAC)