NIGERIAN EXPORT-IMPORT BANK ACT

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LAWS OF THE FEDERATION OF NIGERIA

NIGERIAN EXPORT-IMPORT BANK ACT

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ARRANGEMENT OF SECTIONS

1. Establishment, etc., of the Nigerian Export-Import Bank.
2. Authorised share capital of the Bank.
3. Power to raise funds.
4. Resources of the Bank.

Objects and powers of the Bank

5. Objects of the Bank.
6. Functions of the Bank.
7. Uncovered risks.

Establishment and powers of the Board

8. Establishment and composition of the Board.
9. General powers of the Board.
10. Power of the Board to use resources of the Bank.

Staff of the Bank

11. Appointment of  Managing Director and other staff of the Bank.

Miscellaneous

12. Foreign Exchange Revolving Fund.
13. Fund for paying country risks.
14. Exemption from certain enactments.
15. Transfer of service.
16. Annual report.
17. Interpretation.
18. Short title.

SCHEDULE – Tenure of office of members of the Board

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NIGERIA EXPORT-IMPORT BANK

An Act to establish the Nigerian Export-Import Bank with power, among other things, to carry on the business of export credit guarantee and export credit insurance and for matters connected therewith.

[1991 No. 38.]

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[Commencement.) [21st August, 1991]            

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1. Establishment, etc., of the Nigerian Export-Import Bank

(1)    There is established a bank to be known as the Nigerian Export-Import Bank (hereafter in this Act referred to as “the Bank”)

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