BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020

Section 50: Penalties for Offences not otherwise provided for.

2020Section 50 of 132Federal Republic of Nigeria

Any bank, specialised bank, other financial institution or any person who contravenes any of the provisions of this Act or regulations made for which an offence or penalty is not expressly provided, commits an offence and is liable to a fine of not less than N2,000,000.

Cite this section

Section 50, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).

https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/50/