Section 20: Share capital of Corporation, etc.

(1) The share capital of the Corporation shall, subject to subsection (2) of this section, be N9,000,000 divided into 9 million shares of one naira each.
(2) The shares shall on the commencement of this Act, be deemed to be subscribed for, issued, and called up in full; and payment in respect of the call up shall be made by the holder of the shares at such times and in such manner as the President may direct.
(3) The Minister may, from time to time, with the approval of the President, increase the share capital of the Corporation; and as soon as may be after an increase, the Board may make calls for the additional shares on such terms and conditions as the Board may determine.
(4) All the shares in the Corporation shall be taken up by the Federal Government, and shall subject to subsections (1) and (2) of this section, be paid for by that Government.
(5) The Accountant-General of the Federation shall, when authorised under this subsection by the Minister, charge to and issue out of the Consolidated Revenue Fund of the Federation any sum required for making payment for shares in the Corporation taken up by the Federal Government.