PEOPLE’S BANK OF NIGERIA ACT

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LAWS OF THE FEDERATION OF NIGERIA

PEOPLE’S BANK OF NIGERIA ACT

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ARRANGEMENT OF SECTIONS

1. Establishment of the People’s Bank of Nigeria.
2. Functions of the Bank.
3. Board of Directors of the Bank.
4. Functions of the Board of Directors.
5. Appointment of Managing Director.
6. Appointment of other employees of the Bank.
7. Fund of the Bank.
8. Power to receive grants, loans and advances.
9. Service charge.
10. Period of repayment of loan.
11. Death of borrower.
12. Investment of loans.
13. Funds to be applied towards the disbursements of loans only.
14. Annual estimates, accounts and audit.
15. Reports.
16. Audit.
17. Regulations.
18. Exemptions.
19. Short title.

SCHEDULE – Supplementary provisions relating to the Board

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PEOPLE’S BANK OF NIGERIA ACT

An Act to establish the People’s Bank of Nigeria to provide basic credit to underprivileged Nigerians and to make provision for related matters.

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[Commencement] [1^st October, 1990]                 

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ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)