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10 February 1966

Nigeria Government Gazette supplement dated 1966-02-10 number 11 part B

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                                   Ri

Supplement to Official Gazette No. 11, Vol. 53, 10th February, 1966—Part B                B 11

L.N. 6 of 1966


        SAVINGS BONDS AND CERTIFICATES ACT 1962
                     (No. 18 oF 1962)
      National Premium Bonds (Amendment) Regulations 1965

                      Commencement : Ist December 1965

    In exercise of the powers conferred by subsection (3) of section 1 of the -
Savings Bonds and Certificates Act, 1962 andof all cther powers enabling me
in that behalf, I hereby makethe following regulations—         °
  1. (1)—These regulations may becited’ as The National Premium Bonds             Citation,
(Amendtitent) Regulations 1965.                                                   application
                                                                                  and
  (2) ‘These regulations shall apply throughout the Federation and shall          commence-
comeinto operation on the 1st day of December 1965.                               ment.       ~


  2. Regulation 3 of the National Premium Bonds Regulations 1963 is               Amendment
hereby amended as follows—                                                        of regula-
                                                                                  tion 3.
    (i) bythe insertion after the word “and” whereit appears in subsection
  (2) of the word “‘at”’.                   ,
    (77) by the addition of the following new subparagraph—
       “3 (2) (a) Bonds mayalso be purchased from any person appointed
   _to be a sales agent by the Director.”
                                                            +

  3. Regulation 26 of the National Premium Bonds Regulations 1963 is              Amendment
hereby amendedas follows—                       :                                 of regula-
                                                                                  tion 26.
    (i) by thedeletion of the word “and” where it appears in paragraph(a)
    (a) by renumbering regulation “26 (b)” as regulation ‘26 (c)”, and by.
  the deletion therefrom of the word “‘for’’.
    (zit) by the addition of the following new subparagraph—
        ‘(b) subject to the approval of the Minister conditiohs relating to
    the appointment, reappointment and dismissal of sales agents ; and”



  MAvE at Lagos this 26th day of December 1965.

                                                      F. S. Oxorte-Ezon,
                                                    Federal Minister of Finance
                                                        s




                            EXPLANATORY NOTE
  These regulations make provision for Premium Bonds
                                                         to be purchased
from sales agents and for the Director of Posts and Telegraphs
such sales agents.                                             to appoint

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