Section 9: Share capital of the Corporation, etc.

(1)
The share capital of the Corporation shall, subject to subsection (2) of this section, be N2 million divided into 20,000 shares of N100 each, and the said shares shall, on the commencement of this Act, be deemed to be subscribed for, issued, and called up in full; and payment in respect of such call up shall be made by the holder of the shares at such times and in such manner as the President may direct.
(2) The Minister may, from time to time, with the approval of the President, increase the share capital of the Corporation; and, as soon as may be after any such increase, the Board may make calls for the additional shares on such terms and conditions as the Board may determine.
(3) All the shares in the Corporation shall be taken up by the Federal Government, and subject to subsections (1) and (2) of this section, shall be paid for by that Government.
(4) The Accountant-General of the Federation shall, when authorised under this subsection by the Minister of Finance, charge to and issue out of the Consolidated Revenue Fund of the Federation (in this Act referred to as "the Consolidated Revenue Fund") any sum required for making payment for shares in the Corporation taken up by the Federal Government.