Section 106, The Banking Act, 2019

(1) Notwithstanding anything to the contrary in the Companies Act, or any other law relating winding up a bank shall not be voluntarily wound up unless the Central Bank certifies in writing that the bank is able to meet its obligations in full to the depositors and creditors as they accrue. (2) Where the Central Bank, at any stage of the voluntary winding up considers the bank unable to meets its obligations to depositors or creditors in full the Central Bank shall appoint a receiver to wind up the affairs of that bank in accordance with this Act. (3) The Central Bank shall issue regulations, rules or guidelines for the winding up of a bank under subsection (2). PART XIII - ACCOUNTS AND AUDIT