Section 39: Existing contracts and pending proceedings, etc.

(1) All deeds, bonds, agreements, instruments and working arrangements, subsisting immediately before the vesting day and affecting the Government railway undertaking, shall be of as full force and effect against or in favour of the Corporation, and enforceable as full and effectually, as if, instead of the Government or some person on behalf thereof, the Corporation had been named therein or had been a party thereto.
(2) Any proceedings or cause of action pending or existing immediately before the vesting day by or against the Government in respect of the Government railway undertaking, may be continued or enforced by or against the Corporation, as such proceedings or cause of action might have been confirmed or enforced by or against the Government, if this Act had not been enacted.
(3) For the purpose of this section, the expression "the Government" means the Government of the Federation or the former Government of Nigeria.