Section 51: Mergers and acquisitions.

The Corporation, with the concurrence or at the request of the Central Bank of Nigeria, may-(a) merge, facilitate or induce a merger of a failing or failed insured institution with another healthy insured institution;
(b) facilitate or induce the acquisition of a failing or failed insured institution by another healthy insured institution;
(c) restructure an insured institution through acquisition, management and disposal of all or part of the equity or the assets or the liabilities of the failing or failed insured institution either directly, indirectly through or by another insured institution or an asset management company.