Section 98: Repeal, savings and transitional provisions.

(1) The Nigeria Deposit Insurance Corporation Act No. 16 2006 is repealed.
(2) Without prejudice to section 6 of the Interpretation Act, the repeal of the Act referred to in subsection (1) shall not affect anything done under that Act. [Cap. 123, LFN, 2004]
(3) The rights, interests, obligations and liabilities of the Corporation existing before the commencement of this Act under any contract or instrument, or in law or in equity, shall, by virtue of this Act, be assigned to and continue to be vested in the Corporation.
(4) Any contract or instrument mentioned in subsection (3) shall be of the same effect against or in favour of the Corporation and shall be enforceable fully and effectively.