Section 22: Power to close down erring institutions

(1) Any institution established otherwise than in compliance with section 19, 20 or 21 of this Act may be liable to closure by the appropriate authority but before closing down any such institution, the appropriate authority shall afford the proprietor of the institution an opportunity to make representations for consideration by the appropriate authority not later than sixty days after receipt of notice by the proprietor from the authority of the intention to close down the institution:
Provided that the powers conferred under this subsection shall not be exercised by the appropriate authority in respect of any institution belonging to any government in the Federation without the prior approval of the President.
[1993 No.9.]
(2)
Where an institution is closed down, the appropriate authority may appoint a qualified person, to be known as a receiver, to take charge of the assets and liabilities of any such institution and to apportion same in an equitable manner to persons entitled thereto, so however that this subsection shall not apply to any institution belonging to any government in the Federation or in any case where provisions have been made in that behalf by law or any other written instrument.
(3) Any person aggrieved by any decision taken under or pursuant to this section shall have a right to apply to the court for a review of the matter.