Section 314 of the 1999 Constitution of Nigeria

Section 314 of the Constitution of Nigeria 1999 is about Debts. It is under Part III (Transitional provisions and savings) of Chapter VIII (Federal Capital Territory, Abuja and general supplementary provisions) of the Constitution.

Any debt of the Federation or of a State which immediately before the date when this section comes into force was charged on the revenue and assets of the Federation or on the revenue and assets of a State shall, as from the date when this section comes into force, continue to be so charged.

Credit: Policy and Legal Advocacy Centre (PLAC)