Section 37: Interpretation

In this Act, unless the context otherwise requires-
"bank" means a community bank licensed under this Act and whose business is restricted to a specified geographical area in Nigeria;
"Board" means the National Board for Community Banks established by section 2 of this Act;
"community" means a group of people who possess a common bond arising from residence, occupation, profession or other similar attributes and who interact, fairly frequently in pursuit of economic or social goal;
"director" includes any person by whatever name he may be referred to carrying out or empowered to carry out substantially the same functions of a director in relation to the affairs of a company incorporated under the Companies and Allied Matters Act;
[Cap. C20.]
"Governor" means the Governor or any of the Deputy Governors of the Central Bank of Nigeria;
"licence" means a licence issued under this Act.