Section 36: Cooperation, etc. with Bank in Banking Crisis.

(1) Notwithstanding the provisions of any other enactment, relevant agencies shall cooperate with, render such assistance, grant such waivers or forbearances as may be required by the Governor which, in the opinion of the Governor, are necessary or expedient to resolve a banking crisis occasioned whenever two or more of the following conditions occur-
(a) banks that are critically distressed control 12.5% or more of the total assets in the industry;
(b) 12.5% or more of total industry deposits are threatened;
(c) 12.5% or more of the banking system’s total loans are non-performing; or
(d) 25% or more of banks have applied for liquidity support in excess of 50% of the aggregate takings from the Bank's window or total interbank funds in the market or have been suspended by their settlement banks for failure to meet clearing obligations:
Provided that the Governor may vary the conditions set out in (a)-(d) or prescribe such other conditions as he deems fit.
(2) For the purpose of this section, relevant agencies include-
(a) the Federal Ministry of Finance, Budget and National Planning;
(b) the Nigeria Deposit Insurance Corporation;
(c) the Corporate Affairs Commission;
(d) the Federal Inland Revenue Service; and
(e) any ministry, department or agency as may be determined by the Governor.