ASSET MANAGEMENT CORPORATION OF NIGERIA ACT

Section 2: Authorised Capital (amended by Section 1 of the Asset Management Corporation of Nigeria (Amendment) Act, 2015)

2010Section 2 of 88Federal Republic of Nigeria

(1) The authorised capital of the Corporation may be 10 billion Naira, which shall be fully subscribed to by the Federal Government and held in trust by the Central Bank of Nigeria and the Ministry of Finance incorporated in equal proportion of fifty percent each.
(2) The authorised capital of the Corporation may be increased by such amount as the Board may, from time to time, determine, with the concurrence of the Board of the Central Bank of Nigeria and the approval of the President and shall, when so increased, be subscribed to by the Federal Government and such other subscribers as may be approved by the President on the recommendation of the Central Bank of Nigeria and Ministry of Finance.
(3)
Deleted

Cite this section

Section 2, ASSET MANAGEMENT CORPORATION OF NIGERIA ACT (2010).

https://repo.podus.ai/laws/asset-management-corporation-of-nigeria-act/section/2/