Nigeria - 1992 - Finance

Community Banks Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to provide for the establishment of community banks and other matters connected therewith. It provides for the establishment of the National Board for Community Banks, etc. It also states the functions of the Board, it includes responsibility for accepting and processing applications for the setting up of banks throughout Nigeria, incorporating banks as private companies with the membership of fifty or more persons and determining the fees to be paid from time to time, undertaking such other activities as are necessary or expedient for giving full effect to the provisions of this act etc.

Process Flow

National Assembly ⬤

Office of the President ⬤

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Community Banks Act Current Version

January 2022

This is an Act to provide for the establishment of community banks and other matters connected therewith. It provides for the establishment of the National Board for Community Banks, etc. It also states the functions of the Board, it includes responsibility for accepting and processing applications for the setting up of banks throughout Nigeria, incorporating banks as private companies with the membership of fifty or more persons and determining the fees to be paid from time to time, undertaking such other activities as are necessary or expedient for giving full effect to the provisions of this act etc.

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