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Debt Management Bureau (Establishment) Act, 2011 🇳🇬

Nigeria
Coat of Arms

Debt Management Bureau (Establishment) Act, 2011

  • Assented to on 3 June 2011
  • Commenced on 3 June 2011
  • [This is the version of this document from 3 June 2011.]
AN ACT TO REPEAL THE DEBT MANAGEMENT OFFICE (ESTABLISHMIENT) ACT NO. 18 OF 2003 AND ENACT THE DEBT MANAGEMENT BUREAU; AND FOR RELATED MATTERS.

Part I – ESTABLISHMENT OF THE DEBT MANAGEMENT BUREAU, ETC.

1. Establishment of the Debt Management Bureau, etc.

(1)There is established the Debt Management Bureau (in this Act referred to as "the Bureau") which-
(a)shall be a body corporate with perpetual succession and a common seal;
(b)may sue and be sued in its corporate name; and
(c)may acquire, hold and dispose of property whether moveable or immovable.

2. Establishment and composition of the supervisory Board

(1)There is established for the Bureau a supervisory Board (in this Act referred to as the Board) which shall consist of-
(a)the Vice-President of the Federal Republic of Nigeria who shall be the Chairman;
(b)the Minister of Finance who shall…

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