Section 33: Notice to Debtors, etc. of Acquisition of Eligible Bank Assets. (amended by Section 6 of the Asset Management Corporation of Nigeria. Act, No. 2, 2019)

(1) As soon as possible, after the acquisition of an eligible bank asset from an eligible financial institution, the eligible financial institution shall notify the relevant debtor, associated debtor and guarantor or surety of the debtor and any other person that the Corporation directs of the acquisition of the eligible bank asset by the Corporation.
(2) The Corporation shall not be liable for any failure or delay in notifying any person under subsection (1) of this section and such failure or delay shall not invalidate the acquisition of the eligible bank asset concerned.