Section 27: Additional benefits and exemptions for companies

Notwithstanding anything to the contrary in any enactment or law, the Company shall be entitled to-(a) borrow money or raise equity in foreign currency from any source, and in each case, without the requirement for any further approval, consent or administrative act of Nigeria or any State authority;
(b) remit to shareholders out of Nigeria any dividend derived from the Company or its affiliate in Nigeria or return of capital without any deduction, withholding or other cost, in each case without the requirement for any further approval, consent or administrative act of Nigeria or any State authority;
(c) grant security over any property of the Company or its affiliate in Nigeria or elsewhere to lenders or other creditors or potential creditors, including balances in local and foreign currency bank accounts within or outside Nigeria;
(d) service or repay foreign loans and pay associated fees and indemnities in any currency without being subject to any tax or withholding obligation or deduction; and
(e) remit to its lenders any principal, interest, fees or other borrowing costs owed or payable by the Company or its affiliate in Nigeria without any deduction, withholding or other cost, in each case without the requirement for any further approval, consent or administrative act by Nigeria or any State Authority.