CREDIT REPORTING ACT

Section 26: Handover of database to the Bank.

2017Section 26 of 28Federal Republic of Nigeria

Without prejudice to section 16 of this Act, when-(a) a licence is revoked in accordance with the provisions of this Act; or
(b) a Credit Bureau is liquidated, wound up, dissolved, or otherwise ceases to carry on business: Such Credit Bureau shall immediately, or within such timeframe as the Bank may, by regulations prescribe, hand over its entire database to the Bank.

Cite this section

Section 26, CREDIT REPORTING ACT (2017).

https://repo.podus.ai/laws/credit-reporting-act/section/26/