Section 56: Code of Practice.

(1) The Corporation shall prepare codes of practice for approval by the Central Bank of Nigeria to govern-
(a) the conduct of officers of the Corporation ;
(b) servicing standards for acquired eligible bank assets ;
(c) risk management ;
(d) Custodial services for eligible bank assets ; and
(e) any other matter as may be directed by the Governor.
(2) If, in the opinion of the Governor, adequate provision has not been made in a code of practice drawn up by the Corporation under subsection (1) of this section, the Governor may require modifications to be made to the code of practice.
(3) The Corporation shall publish the code of practice, issued under this section as approved by the Central Bank of Nigeria, in the official Gazette.