2016 lpelr-41466ca -

2016 lpelr-41466ca -

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nature, abhors, the provisions of Section 40 (1) of the NDIC Act triggered and the NDIC became deemed the provisional liquidator of the 1st Respondent. The said Section 40 (1) of the NDIC Act enacts as follows: "Whenever the licence of an insured institution is revoked by the Central Bank of Nigeria, the Corporation.
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