Section 1: Power to borrow money in any currency, etc.

(1) Notwithstanding any provision of any enactment, the Nigerian National Petroleum Corporation (in this Act referred to as "the Corporation") shall be empowered, subject to the provisions of this Act, to borrow money in any currency and on such terms and conditions as the Board of the Corporation may deem necessary to carry out the Oso Condensate Project (in this Act referred to as "the Project").
(2) In exercise of the power conferred on the Corporation pursuant to subsection (1) of this section, the Corporation may borrow any amount of money whatsoever.
(3) For the purpose of giving effect to the provisions of this Act, the Corporation may sue and be sued in its corporate name.