Section 60: Investment of Resolution Cost fund (amended by Section 8 of the Asset Management Corporation of Nigeria (Amendment) Act, 2015)

(1)
All moneys standing to the credit of the Resolution Cost Fund which are not immediately required to be utilised shall be invested in any of the following-
(a)
debt securities issued or which are guaranteed by the Federal Government of Nigeria or the Central Bank of Nigeria;
(b)
with the prior written consent of Central Bank of Nigera, debt securities issued, or which are guaranteed by the central government of a sovereign country;
(c)
with the prior written consent of central Bank of Nigeria, debt securities issued, or which are guaranteed by an international financial institution of which Nigeria is a member;
(d)
debt securities issued by the Corporation;
(e)
repurchase agreements fully collaterised by debt securities of the governments and institutions mentioned in section 76(1),(a)-(c), with a maximum maturity of 30 days; and
(f)
Such other debt securities or instruments that the Board of Trustees may with the approval of The Central Bank of Nigeria, from time to time designate;
Provided always that in the case of paragraphs (b). (c), and (e) above, such debt securities or instruments shall be freely tradable securities.
(2)
All bonuses, profits and other returns which accrue on investments made under sub-section (1) of this section shall form part of the Resolution cost Fund and may be re-invested in accordance with sub-section (1) of this
section.