Section 39: Transfer, Assignment, etc. by Corporation to Override Restriction on Disposal. (amended by Section 10 of the Asset Management Corporation of Nigeria. Act, No. 2, 2019)

The Corporation may transfer, assign, sell or otherwise dispose of any acquired eligible bank asset to any person notwithstanding-
(a) a contractual requirement or any requirement under any enactment for the consent of, notice to or document from, any person to the disposal ; or
(b) a provision of any enactment prohibiting or restricting the disposal.
(c) the pendency of any action before a court of law in respect of the eligible bank asset.