Section 84, The Banking Act, 2019

(1) An official administration shall terminate at the expiryof the terms specified in the notice appointing the official administrator or any extension of the term of such appointment. (2) An official administration shall be terminated prior to the expiration of the term in the notice of appointment of the official administrator if the Central Bank determines that- (a) official administration is no longer necessary because grounds for appointment of the official administrator have been remedied; or (b) the bank in official administration cannot be rehabilitated. (3) Where an Official Administration is terminated the Central Bank shall appoint a receiver to liquidate the bank. (4) Within 14 working days of the termination of the appointment of a receiver under subsection (3), the official administrator shall prepare and submit to the Central Bank a final report and accounting of the official administration. (5) An official administrator shall not acquire significant shares or accept appointment as a director, key management personnel or any other office or position in the bank in official Capital increase by existing shareholders. Removal of directors and key management personnel. Misconduct by Shareholders, directors, ect. Expenses of the official Termination of official administration. 96 97 administration for a minimum period of 2 years after the end of official administration.