Section

SECTION 62: Power of the Corporation as liquidator

Part of
Nigeria Deposit Insurance Corporation Act 2023

(1) The Corporation as liquidator of an insured institution shall have power to— (a) wind-up and liquidate the failed insured institution in an orderly manner; (b) bring or defend any action or other legal proceedings in the name of such failed insured institution with the…

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.