Chartered Institute of Bankers of Nigeria Act, 2007 🇳🇬

Nigeria

Chartered Institute of Bankers of Nigeria Act, 2007

Commenced on 11 April 2007
[This is the version of this document at 31 December 2002.]

An Act to repeal the Chartered Institute of Bankers of Nigeria Act 1990 and to re-enact the Institute to provide for the control of membership and practice of the banking profession in Nigeria; and for related matters.

Part I – Establishment, etc. of the Chartered Institute of Bankers of Nigeria

1. Establishment, etc. of Chartered Institute of Bankers of Nigeria

(1)There is hereby established a body to be known as the Chartered Institute of Bankers of Nigeria (in this Act referred to as "the Institute").

(2)The Institute –

(a)shall be a body corporate with perpetual succession and a common seal;

(b)may sue and be sued in its corporate name; and may acquire, hold and dispose of any property, movable and immovable.

2. Membership of the Institute

(1)Subject to the provisions of this Act, membership of the Institute shall be in two categories, viz. corporate and …

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