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Section 58, THE BANK OF SIERRA LEONE ACT 2019

Status not yet checkedTHE BANK OF SIERRA LEONE ACT 2019, Sierra Leone

(1) The Bank may - (a) make adequately secured loans to, or have an ownership share or otherwise participate in, any organisation that is engaged in activities that are required or useful for the proper discharge of the functions and responsibilities of the Bank; (b) acquire, in the course of satisfaction of debts due to it, any interests or rights referred to in this Act but all the interests or rights so acquired shall be disposed of at the earliest suitable opportunity; and (c) establish staff retirement funds or similar arrangements for the benefit or protection of its staff. (2) An activity referred to in this section shall be published by the Bank in the report referred to in paragraph (b) of subsection (1) of section 27.

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