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Railway Loan (International Bank) Act 🇳🇬

Coat of Arms

Railway Loan (International Bank) Act

  • Commenced on 17 April 1958
  • [Up to date as at 17 April 1958]
  • [Note: The original publication document is not available and this content could not be verified.]
An Act to provide for the raising of a loan, from the International Bank for Reconstruction and Development by the Government of the Federation for the benefit of the Nigerian Railway Corporation and for matters incidental thereto.

1. Short title

This Act may be cited as the Railway Loan (International Bank) Act.

2. Interpretation

In this Act, unless inconsistent with the context-"International Bank" means the International Bank for Reconstruction and Development;"Nigerian corporation" means a body incorporated by an Act enacted or deemed to have been enacted by the Federal legislature.

3. Borrowing from International Bank

(1)Subject to the provisions of this Act, the President may, in such manner and on such terms and subject to such conditions as he thinks fit, and in the name of the Government of t…

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