FISCAL RESPONSIBILITY ACT

Section 52: Government securities as collateral to guarantee loans.

2007Section 52 of 57Federal Republic of Nigeria

Government securities, provided that, they are duly listed on the stock exchange, may be offered as collateral to guarantee loans or other financial transactions under the law for their economic value as defined by the Ministry.

Cite this section

Section 52, FISCAL RESPONSIBILITY ACT (2007).

https://repo.podus.ai/laws/fiscal-responsibility-act/section/52/