Section 15, The Banking Act, 2019

(1) The Central Bank shall prescribe the minimum paidup capital requirements for banks and financial holding companies. (2) A bank or financial holding company shall, pursuant to subsection (1), - (a) maintain a minimum paid-up capital as prescribed by the Central Bank; (b) submit to the Central Bank additional funds to address the deficiency in the capital, where its minimum paid-up capital has been impaired by way of losses. (3) A bank or financial holding company who fails to comply with this section is liable to administrative penalty.