BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020

Section 98: Right to Appear in Court.

2020Section 98 of 132Federal Republic of Nigeria

(1) Subject to the provisions of section 174 (1) of the Constitution of the Federal Republic of Nigeria, any legal practitioner in the employment of the Bank may, with the consent of the Governor, prosecute or defend criminal, civil or other proceedings in the name of, and on behalf of, the Bank in respect of matters relating to the business or operations of the Bank, any bank, specialised bank or other financial institution in the course of attaining the objectives of-
(Cap. C23. LFN, 2004.)
(a) this Act;
(b) the Central Bank of Nigeria Act;
(Act No. 7. 2007)
(c) the Foreign Exchange (Monitoring and Miscellaneous) Provisions Act; or
(Cap. F34. LFN, 2004.)
(d) any other law relating to banking or the business of other financial institution.
(2) Notwithstanding the provisions of any enactment to the contrary, a person appointed under subsection (1) is, while so appointed, entitled to represent the Bank as a legal practitioner for the purpose and in the course of such person's employment in any civil or criminal proceeding, without prejudice to the power of the Bank to engage private legal practitioners in any proceeding.

Cite this section

Section 98, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).

https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/98/