DEBT MANAGEMENT BUREAU (ESTABLISHMENT) ACT

Section 30: Trasitional Provisions, etc

2011Section 30 of 34Federal Republic of Nigeria

(1) As from the commencement of this Act, the powers of any Ministry or Extra-Ministerial Department over the management of any debt, referred to in section 6 of this Act shall, by virtue of this Act and without further assurance, be vested in the Bureau established by this Act and in accordance with the provisions of this Act.
(2) Accordingly, any proceeding or cause of action pending or existing immediately before the commencement of this Act by or against any such Ministry or Extra-Ministerial Department over the management of any debt in respect of any right, interest, obligation or liability in relation to the Management of a debt referred to in section 6 of this Act may be continued or commenced, as the case may be, by or against the Bureau, as if the Bureau had been a party thereto.
(3)
The determination of a court of law, tribunal or other authority or person made in any proceeding or cause of action referred to in subsection (2), may be enforced by or against the Bureau to the same extent that the proceeding, cause of action or determination could have been continued, commenced or enforced by or against that Ministry or extra-Ministerial Department as if this Act had not been made.
(4) The notice referred to in subsection (2) of this section shall clearly and explicitly state the cause of action, the particulars of the claim, the name and place of abode of the existing immediately before the commencement of this Act by or against any such Ministry or Extra-Ministerial Department over the management of any debt in respect of any right, interest, obligation or liability in relation to the management of a debt referred to in section 6 of this Act may be continued or commenced, as the case may be, by or against the Bureau, as if has been a party thereto.

Cite this section

Section 30, DEBT MANAGEMENT BUREAU (ESTABLISHMENT) ACT (2011).

https://repo.podus.ai/laws/debt-management-bureau-establishment-act/section/30/