Section 33: Acquisition of eligible bank asset not to give rise to cause of action. (amended by Section 7 of the Asset Management Corporation of Nigeria. Act, No. 2, 2019)

No action or proceedings shall lie, be instituted or maintainable against the Corporation or any of its directors or officers by reason only of the acquisition of an eligible bank asset by the Corporation under this Act, and any action or proceeding already existing shall cease and abate except where the eligible bank asset became vested in the Corporation as specified under this Act.