Section 11: Death of borrower.
(1) Any loan granted by the Bank shall not be registered as free money or gift and are repayable by every borrower.
(2) Where the recipient of a loan under this Act dies, the Bank shall endeavour to retrieve as much as possible the loan or its residue by whatever means it may consider appropriate in the circumstances, including disposal of asset or property purchased with the loan.
Cite this section
Section 11, PEOPLE'S BANK OF NIGERIA ACT (1990).
https://repo.podus.ai/laws/people-s-bank-of-nigeria-act/section/11/