ASSET MANAGEMENT CORPORATION OF NIGERIA (AMENDMENT) (NO. 2) ACT, 2019

CENTER FOR LAW OF NIGERIA : FEDERAL LAWS

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ASSET MANAGEMENT CORPORATION OF NIGERIA (AMENDMENT NO. 2) ACT, 2019

EXPLANATORY MEMORANDUM

This Act amends the Asset Management Corporation of Nigeria Act, No. 4, 2010 to give the Corporation additional functions and increase the members of the Board.

ASSET MANAGEMENT CORPORATION OF NIGERIA (AMENDMENT NO. 2) ACT, 2019

[EDITOR’S NOTE: This Act along with the Asset Management Corporation of Nigeria (Amendment) Act, 2015 amends the Asset Management Corporation of Nigeria (Amendment) Act, 2010

ARRANGEMENT OF SECTIONS

1.       Amendment of the Principal Act.

2.       Amendment of section 6.

3.       Amendment of section 10.

4.       Amendment of section 19.

5.       Amendment of section 31.

6.       Substitution for section 33.

7.       Insertion of a new section “33A:.

8.       Substitution for section 34.

9.       Substitution for section 35.

10.     Amendment of section 39.

11.     Amendment of section 43.

12.     Amendment of section 45.

13.     Substitution for section 47.

14.     Substitution for section 48.

15.     Substitution for section 49.

16.     Substitute for section 50.

17.     Insertion of new sections “50A” – “50B”

18.     Substitution for section 51.

19.     Substitution for section 52.

20.     Substitution for section 53.

21.     Substitution for section 55

22.     Amendment of section 60

23.     Amendment of section 61.

24.     Citation

ASSET MANAGEMENT CORPORATION OF NIGERIA (AMENDMENT NO. 2) ACT, 2019

An Act to amend the Asset Management Corporation of Nigeria Act, No. 4, 2010 to give the Corporation additional functions and increase the members of the Board; and for related matters.

[Commencement]                                                           (29 July, 2019)

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LAWS MADE BY THE NATIONAL ASSEMBLY OF NIGERIA [1999 – Date]

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