Section 74: Establishment of Banking Sector Resolution Fund.

(1) Without prejudice to the provisions of the Asset Management Corporation of Nigeria Act, there is established the Banking Sector Resolution Fund (in this Act referred to as "Resolution Fund") which shall be domiciled with the Bank, and into which shall be paid all contributions and levies imposed under this Part:
Provided that the Governor shall, with the approval of the Board, determine the date of commencement of the Resolution Fund (commencement date).
(Act No. 4. 2010.)
(2) The Resolution Fund are not subject to tax and accordingly, all money accruing to, payments made from, and instruments and transactions relating to, the Resolution Fund shall be exempt from all forms of taxes, levies, duties, charges or imposition howsoever described.