Section 41: Report of examination.

(1) After the conclusion of any examination under the provisions of this Act, the Corporation shall-
(a) present the written report together with its recommendations to the board of directors of the insured institution at a meeting specially convened for that purpose within such time as the Corporation may direct; or
(b) forward a copy of such report to the Chairman and the Managing Director of the insured institution concerned with instruction that it be presented by the management of that institution to their board of directors at a meeting specially convened within one month of receiving the report for the purpose of considering the report and implementing the recommendations contained in it.
(2) The insured institution shall within two weeks of the presentation to its board of directors convey to the Corporation the reaction of the board of directors to the written report and proposals for implementation of the recommendations.
(3) Where an insured institution fails to implement the recommendations contained in the written report of examination after it had been warned by the Corporation, the Corporation shall notify, and may make appropriate recommendations to, the Central Bank of Nigeria under the provisions of sections 32, 33 and 43 of this Act.
(4) Any written examination report, including working papers, appendices or any extract from it, prepared and certified by the Corporation or by the Central Bank of Nigeria, indicating that a person is indebted to a failing or failed insured institution shall be prima facie proof of such indebtedness.