AGRICULTURAL CREDIT GUARANTEE SCHEME FUND ACT
CENTER FOR LAW OF NIGERIA : FEDERAL LAWS
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AGRICULTURAL CREDIT GUARANTEE SCHEME FUND ACT
[This Act has been amended by the Agricultural Credit Guarantee Scheme Fund (Amendment) Act, 2019, You may read and download the amendment Act HERE
ARRANGEMENT OF SECTIONS
1. Establishment of the Fund, etc.
2. Establishment of the Board.
3. Functions of the Board, etc.
4. Appointment of managing agent.
5. Amount to be paid into the Fund.
6. Limits of liability of the Fund in respect of guarantees
7. Applications for loans and for guarantees, etc.
8. Form and terms of loan agreement
9. Rate of interest
10. Forms of security
11. Safeguard in respect of certain loans
12. Recovery of outstanding loan, etc.
13. Loans to be applied for purposes for which made, and offences
14. Rules and publication thereof
15. Banks to establish Agricultural Finance Departments
16. Return by banks
17. Legal proceedings
18. Investment of surplus moneys in the Fund
19. Accounts and audit
20. Annual reports
21. Regulations
22. Interpretation
23. Short title
24. SCHEDULE
CITATION
An Act to establish an Agricultural
Credit Guarantee Scheme Fund into which shall be subscribed a certain sum to
provide guarantees for loans granted for agricultural purposes by any bank.
[COMMENCEMENT] (8th March, 1977)
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ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED)
LAWS MADE BY THE NATIONAL ASSEMBLY OF NIGERIA [1999 – Date]
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