Banks And Other Financial Institutions Act 1991 (as Amended in 1997, 1998, 1999, and 2002)

This is an Act to regulate banking and other financial institutions and for matters connected therewith. It defines the powers, functions and duties of The Central Bank of Nigeria. Some of its functions include that the bank may authorize or instruct any officer or employee of the bank to perform any of the functions, exercise any powers, or discharge any of its duties under this Act, and the bank may, either generally or in any particular case, appoint any person who is not an officer or employee of the bank, to render such assistance as it may specify in the exercise of its powers, the performance of its functions, or the discharge of its duties under this act, or to exercise, perform or discharge the functions and duties on behalf of and in the name of the bank.