Section

SECTION 50: Technical assistance

Part of
Nigeria Deposit Insurance Corporation Act 2023

(1) The Corporation, with the concurrence of or at the request of the Central Bank of Nigeria, may— (a) assume control of a failing insured institution and take over its management; (b) appoint new management for the insured institution; (c) remove, replace or change principal…

Read the full section with Sanctum

Sanctum is the key to all NLC content: judgments, principles, statutes, rules and forms. Choose a plan from 1 month to 36 months.