Section 7: Guarantee of assets of the Bank by Government

The repayment of all moneys deposited in the Bank together with any interest thereon is guaranteed by the Government of the Federation, and accordingly, if at any time the assets of the Bank shall be insufficient to pay the lawful claims of every depositor, the Minister shall cause such deficiency to be met out of the Consolidated Revenue fund of the Federation and he shall immediately thereafter report the action he has taken on the deficiency to the President.