Section 90, The Banking Act, 2019

(1) The appointment of a receiver by the Central Bankunder subsection (1) of section 88 shall be effective as of the date of the appointment unless otherwise expressed by the Central Bank. (2) The receiver shall immediately post in each place of business of the bank in receivership, a notice specifying that - (a) the effective date and time of possession of the bank in receivership by the receiver; (b) authorisation of persons to engage in financial transactions of the bank in receivership have been withdrawn; (c) persons who previously had authorisation to give instructions on behalf of the bank in receivership with respect to payment or transfer of the bank's assets or assets managed by the bank are no longer so authorised; and (d) the licence of the bank in receivership has been revoked. (3) The receiver shall publish the notice referred to in subsection (2) for 4 consecutive weeks in at least one daily newspaper of national circulation and submit copies of the publication to the Central Bank within 2 days of such publication.