BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020

Section 81: Establishment and Composition of Board of Trustees.

2020Section 81 of 132Federal Republic of Nigeria

There is established, for the Resolution Fund, a Board of Trustees which shall consist of-(a) two representatives of the Bank nominated by the Governor, one of whom shall be a Deputy Governor who shall be appointed as the Chairman of the Board of Trustees;
(b) four representatives of banks appointed by the Bank from among officers of four banks, not below the level of a director, on a two-year rotational basis;
(c) one representative of the Corporation from among its officers not below the level of a director; and
(d) one representative from other financial institutions appointed by the Bank.

Cite this section

Section 81, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).

https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/81/