Section 40, The Banking Act, 2019

(1) A bank or financial holding company shall not purchaseor transfer a non-performing or low quality asset from any of its affiliates and associates director, key management personnel, shareholders or from any of their related persons or group of related persons or their related interests without the written approval of the Central Bank. (2) A transaction carried out in contravention of this section is void and a director or key management personnel of the bank or financial holding company who contravenes this section is personally liable to an administrative penalty.