BANKS AND OTHER FINANCIAL INSTITUTIONS (AMENDMENT) ACT 2002

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BANKS AND OTHER FINANCIAL INSTITUTIONS (AMENDMENT) ACT, 2002

LAWS OF THE FEDERATION OF NIGERIA

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EXPLANATORY MEMORANDUM

An Act to further Amend the Banks And Other Financial Institutions Act 1991, as amended, And For Matters Connected Therewith.

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ARRANGEMENT OF SECTIONS

1. Amendment of 1991 No. 25, 1997 No. 4, 1998 No. 38.

2. Substitution for Section 3 (3)

3. Insertion of Section 60 B

4. Short title.

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BANKS AND OTHER FINANCIAL INSTITUTIONS (AMENDMENT) ACT, (NO. 10) 2002

An Act to further Amend the Banks And Other Financial Institutions Act 1991, as amended, And For Matters Connected Therewith.

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(Commencement)                     [14th December, 2002])

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ENACTED by the National Assembly of the Federal Republic of Nigeria-

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