Section 26: Examiner to exercise duty of care

(1) In the exercise of the functions of an examiner appointed pursuant to section 25 of this Act, an examiner shall exercise reasonable care to prevent unreasonable hindrance to the day-to-day activities of a bank and confine the investigation to matters of facts deemed necessary for the examination.
(2)
A bank shall produce, as and when required, all books, accounts, documents and all information as the examiner may deem fit in the exercise of his functions.
(3) It shall be an offence under this Act for a bank to-
(a) wilfully refuse to produce any book, account, document or information; or
(b) negligently, wilfully or with intent to defraud, give any information which is false in any material particular.
(4) A person guilty of an offence under this section is liable on conviction to a fine of N500 or to imprisonment for a term of three months.
(5) An examiner shall forward a report of his findings direct to the Governor of the Board.