NIGERIAN BANK FOR COMMERCE AND INDUSTRY ACT

Section 13: Rules.

1973Section 13 of 18Federal Republic of Nigeria

(1) Unless a contrary intention appears, anything required to be prescribed under this Act shall be prescribed by the Board with the approval of the Minister.
(2) Notwithstanding subsection (1) of this section, the Board may with such approval make such rules as are necessary for giving effect to the provisions of this Act, and in particular for-
(a) regulating the terms and conditions of service of the officers, servants and agents of the Bank and making provisions regarding their remuneration and allowances;
(b) determining pensions, gratuities, medical benefits and provident funds, and superannuation benefits payable to such officers, servants and agents; and
(c) the provision and maintenance of any superannuation scheme (whether contributory or not) and such other funds as the Bank may at its discretion determine.

Cite this section

Section 13, NIGERIAN BANK FOR COMMERCE AND INDUSTRY ACT (1973).

https://repo.podus.ai/laws/nigerian-bank-for-commerce-and-industry-act/section/13/