NIGERIA DEPOSIT INSURANCE CORPORATION ACT, 2023

Section 74: Termination of liquidation activities.

2023Section 74 of 100Federal Republic of Nigeria

(1) The Corporation shall conclude winding up of an insured institution as may be provided in the Winding-up Rules issued under the provisions of section 56 of this Act.
(2) The Corporation may establish a subsidiary to take custody of the residue of assets, if any, of failed insured institutions whose liquidation has been terminated under this Act.

Cite this section

Section 74, NIGERIA DEPOSIT INSURANCE CORPORATION ACT, 2023 (2023).

https://repo.podus.ai/laws/nigeria-deposit-insurance-corporation-act-2023/section/74/