Section 2: Share capital of the Bank, etc.

(1) The share capital of the Bank shall, subject to subsection (2) of this section, be N400 million divided into 400 million shares of one naira each .
(2) The share capital 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-
(a) increase the share capital of the Bank, 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; and
(b) approve other shareholders on the resolution of the Board of Directors of the Bank.
(4) All the shares in the Bank 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 for 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 bank taken up by the Federal Government.
(6) The liability of the holder of shares in the Bank shall be limited to the amount, if any, unpaid on the shares held by the holder.