URBAN DEVELOPMENT BANK OF NIGERIA ACT

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LAWS OF THE FEDERATION OF NIGERIA

URBAN DEVELOPMENT BANK OF NIGERIA ACT

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ARRANGEMENT OF SECTIONS

1. Establishment of the Urban Development Bank of Nigeria PLC.
2. Share capital of the Bank.
3. Objects of the Bank.
4. Power to raise funds.
5. Power to manage other offshore funds procured for urban development.
6. Exemptions.
7. Short title.

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URBAN DEVELOPMENT BANK OF NIGERIA ACT

An Act to establish the Urban Development Bank of Nigeria PLC.

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[Commencement.] [2nd January, 1992]

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1. Establishment of the Urban Development Bank of Nigeria PLC

There shall be established, in accordance with the provisions of the Companies and Allied Matters Act, a limited liability company to be known as the Urban Development Bank of Nigeria PLC (in this Act referred to as “the Bank”).

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