Section 5: Powers of the corporation in respect of investments to secure money lent by Government.

(1) The corporation may enter into, sign, seal, execute and perfect any contract, instrument, mortgage, deed, surrender or assurance for securing the repayment of money, together with interest thereon, if any, lent by the Treasury or by any person appointed by the President to other parties or of money due and payable to the Government of the Federation by other parties, and may sign and execute in the same manner receipts, releases, reconveyances and acquittances and other assurances of the lands and property which shall have been mortgaged as security therefor, and may consent to any such alteration of the conditions of the said securities or any of them as the Minister shall think fit.
(2) Without prejudice to the generality of the provisions of subsection (2) of section 3, the corporation may commence any action or other proceeding in any court for the recovery of any sum of money, right, title, interest, property or thing whatsoever due or payable or for the enforcement of any covenant under any of the securities referred to in subsection (1) of this section and also may take such other lawful means for recovering any such sum of money as occasion may require.