Section 60: Establishment and composiotion of Board of Trustees (amended by Section 8 of the Asset Management Corporation of Nigeria (Amendment) Act, 2015)

(1)
There is established for the Resolution Cost Fund, a Board of Trustees which shall consist of-
(a)
2 representatives of the Central Bank of Nigeria, who shall be appointed by the Central Bank of Nigeria from among its Deputy govemors, other than the Deputy-governor in charge of Financial system stability, one of whom shall be appointed by the Governor as the Chairman;
(b)
4 representatives of eligible financial institutions to be appointed by the eligible financial institutions from among officers of four of the eligible financial institutions not below the level of a director, on a 2 year rotational basis; and
(c)
3 ex-officio members one each to be nominated by the Federal Ministry of Finance, Nigerian Deposit Insurance Corporation and the Asset Management Corporation of Nigeria, from among their representative officers not below the level of a director.