Section 42: Co-operation with banks in Nigeria.

(1) The Bank shall wherever necessary seek the co-operation of and co-operate with other banks in Nigeria to-
(a) promote and maintain adequate and reasonable financial service for the public;
(b) ensure high standards of conduct and management throughout the banking system ; and
(c) further such policies not inconsistent with this Act as shall in the opinion of the Bank be in the national interest.
(2) Notwithstanding the provision of sections 29 (1) (c) and 34 (d) of this Act, the Bank may grant loans and other accommodation facilities at such rate of interest and on such terms as the Bank may determine to any bank which may be having liquidity problems.