URBAN DEVELOPMENT BANK OF NIGERIA ACT

Section 4: Power to raise funds

1992Section 4 of 7Federal Republic of Nigeria

Without prejudice to the provisions of its Articles of Association, the Bank may, with the approval of the Minister of Finance, raise funds of such amount (in foreign currency) from anyone or more of the following sources, that is-
(a) the International Bank for Reconstruction and Development (the World Bank);
(b) the International Development Association;
(c) the European Investment Bank and Fund;
(d) the African Development Bank;
(e) bilateral loans and grants on government to government basis;
(f) Shelter Afrique and other donors; and
(g) other multilateral loans and donor agencies.

Cite this section

Section 4, URBAN DEVELOPMENT BANK OF NIGERIA ACT (1992).

https://repo.podus.ai/laws/urban-development-bank-of-nigeria-act/section/4/