Section 11: Capital

(1) The capital of the Mortgage Bank shall consist of equity and loan capital.
(2) The authorised capital of the Mortgage Bank shall be one hundred million naira which shall be divided into 1,000,000 shares of N100 each and be subscribed and paid up at par by the Federal Government.
(3) The loan capital of the Mortgage Bank shall be provided by the Federal Government in such amount and on such terms as may be determined by the Minister.