COMMUNITY BANKS ACT

Section 30: Insurable deposit

1990Section 30 of 38•Federal Republic of Nigeria

(1) As from the commencement of this Act, every bank with a deposit of not less than N5 million or such amount as may be determined, from time to time, by the Governor, shall insure its deposit liabilities with the Nigerian Deposit Insurance Corporation.
(2)
The provisions of the Nigerian Deposit Insurance Corporation Act shall have effect as if such a bank is a participating institute under that Act.
[Cap. N102.]

Cite this section

Section 30, COMMUNITY BANKS ACT (1990).

https://repo.podus.ai/laws/community-banks-act/section/30/