Section 10: Period of repayment of loan.
(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/