Section 81: Right to appear in court.

(1) Subject to the provisions of section 174 (1) of the Constitution of the Federal Republic of Nigeria, 1999, any legal practitioner in the employment of the Corporation may, with the consent of the Managing Director, prosecute or defend criminal, civil or other proceedings in the name of and on behalf of the Corporation in respect of matters relating to the activities, business or operations of the Corporation or any failed insured institution under this Act in the course of carrying out the objectives of this Act and the Failed Banks (Recovery of Debt) and Other Financial Malpractices in Banks Act. [Cap C23 LFN 2004; Cap F2, LFN 2004]
(2) Without prejudice to subsection (1), a legal practitioner employed by the Corporation shall have power to institute and undertake criminal proceedings against directors, officers, significant shareholders and customers of failed insured institutions before any court of law in Nigeria other than a court martial and to discontinue at any stage before judgment is delivered any such criminal proceeding, relating to, touching upon or concerning violations of the provisions of this Act or any regulations made under it, or under the Failed Banks (Recovery of Debt) and Other Financial Malpractices in Banks Act.
(3) Notwithstanding the provisions of any enactment to the contrary, a person employed in the Corporation who is a legal practitioner shall, while so employed be entitled to appear in Court as a legal practitioner for the purpose and in the course of carrying out the objects and objectives of this Act, without prejudice to the power of the Corporation to engage private legal practitioners in any proceedings.