PEOPLE'S BANK OF NIGERIA ACT

Section 10: Period of repayment of loan.

1990Section 10 of 19Federal Republic of Nigeria

(1) Every loan granted by the Bank under this Act shall be repaid within a period of one year.
(2) New loans may be granted to persons who have repaid their loans in full within the period specified in subsection (1) of this section.
(3)
The Board may, from time to time, adjust the minimum or maximum loan obtainable under this Act.

Cite this section

Section 10, PEOPLE'S BANK OF NIGERIA ACT (1990).

https://repo.podus.ai/laws/people-s-bank-of-nigeria-act/section/10/