CHARTER OF NEW AFRICA’S WORLD BANKS

AND THE ARTICLES OF AGREEMENT

PREAMBLE

It is the sense of the Africans and African descendant throughout the world that the socioeconomic
development and the economic progress of this and the succeeding generations of the Ethnic
Africans, cannot be determined, promoted, protected and preserved by others, except the Africans
and all African descendants in the Diaspora themselves.

We further sense that the NAW–BANK was established to provide a permanent solution to the
Ethnic Africans’ socioeconomic problem; to harmonize development parity and restore global
economic equilibrium among the Ethnic Africans by making available funding facilities for the
Africans and all African descendants so that they can combine their human, materials, financial and
socioeconomic resources; to emancipate, liberate, integrate, eradicate abject poverty, illiteracy,
ignorance and all forms of poverty, caused disease plaguing the Ethnic Africans in the Global
Village.

THE AFRICANS AND AFRICAN DESCENDANTS HEREBY RESOLVED:

Aware that the presence and the existence of disequilibrium and lack of inclusion of the Ethnic
Africans in economic development among other human beings, are the primary causes of poverty,
ignorance, diseases, conflicts and war among the Africans. Once upon a time, the Africans were the
promoters, the sources and the defenders of world order, peace and progress. Africa is now the
testing ground where industrialized nations are testing their new military tools and weapons of
destruction, causing destabilization and unending conflict and social disorder in Africa as the rest of
the world is peaceful and remains progressive.

Aware further that the economic progress and social political advancement of all Ethnic Africans
[without adopting an illusion of inclusion, the power and/or authority to act, is a non–neutral factor
of internal security and a positive privilege to carry, therefore, the best interest of all nations will be
protected and preserved for posterity by establishing the New Africa’s World Bank.

Aware that there are many historical bodies of evidence which exclude the Africans and the African
descendants from the economic and social political progress and the open-ended resultant damages
that colonialism has inflicted with its present cheese–mated policies, coupled with its inordinate
geopolitical dichotomy of African continent into villages and made begging nations out of them,
remains the worst human tragedy with no solace.

Realizing the great importance of Africa, the Africans and all African descendants to the rest of the
world, in all aspect of human endeavors, having noted with interest that the Africans have already
created the African Economic Community (AEC) and African union for geopolitical and economic
integration the New Africa’s World Bank has been established to support and provide funds to
finance the process.

We the peoples of Africa, African descendants and the dual citizens of the New Africa’s World
Nation, working and acting for the strategic best interests of the human families, and aware of
man’s inhumanity to fellow man, believe that the lesson learned from the denials of reciprocal
economic development, social progress and prosperity of the Ethnic Africans,, notwithstanding the
existing body of laws policies, have adopted, chartered and signed this Articles of Agreements.
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 CHAPTER 1
The attainment of socioeconomic development in Africa and constructive engagement is social
equilibrium as a lasting solution to poverty problems is the way forward. The members and
investors in the NAW–BANK are desirous of making the world a better place in which to live in
peace, prosperity and to cooperate and support the NAW BANK’s mission, purpose, goals and
objectives set forth in these articles of agreement.

ARTICLE 1
THE MISSION, PURPOSE, GOALS AND OBJECTIVES OF THE NAW–BANK

MISSION

The mission of the NAW- BANK is to promote, support and provide funds to finance socioeconomics
and industrial development of all its member countries throughout the world.

PURPOSES

The purposes of the NAW–BANK are to assist in the development of infrastructures, support the
global economy, promote production and self-sustainable development projects for the ethnic
Africans by providing funds to finance the development of their raw materials and human
resources in order to reach the highest level of industrialization parity in standard of living, and
technological equilibrium with the rest of the world.

To contribute, participate fully in socioeconomics and infrastructures, developments, to facilitate

capital investment and for development purposes in African union and the nine regions of the new
Africa’s world.

To promote and encourage individuals, private and public investors to invest in the bank by
accepting in-kind materials; to acquire share offered by the bank which will provide interest free
loans, guarantees, financing syndications, by using tandeminal economic systems TM of plough–in
and phase–out of funding: to extend loans to public and private sectors by providing funds to
finance the ACTS’ Combined Infrastructures Development Projects, 100 Years Master Plan; to
provide to private and public sectors, loanable funds from its materials and capital resources; to
finance any and all qualified developmental projects.

To promote global integrated trade among Ethnic Africans, socioeconomic self-reliance, self–
actualization and self–sustainable development, throughout the nine Regions of the New Africa’s
World Nation.

To acquire and dispose of debts of its members states with syndicated loans/credit guarantees,
fiduciary capital appreciation and tandeminal financial arrangement, using equity leveraging, for
the avoidance of economic programs or project (s) failures, by its investors, national members and
organizations.

To be mindful of the conscious realities of disequilibrium and disparity of global economic systems,
and to conduct its affairs in a deliberate and a determined manner in order to eliminate the gaps,
and to remove all the trappings of disingenuous intentions of other financial institutions, to be
guided by the principles and policies of the Global Economic Development Organization
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(GEDO)fostered by socioeconomic harmony of one world, one family and one human race with the
same rights and privileges. The NAW Bank will operate and conduct its affairs based on these
cardinal principles. These are the NAW–BANK’s purposes.

GOALS AND OBJECTIVES

The goals and objectives of the NAW–BANK are:

 To participate in and to support socioeconomics and infrastructures’ development;

 To facilitate and provide capital for development purposes in the African Union and in the
nine Regions of the New Africa’s World Nation.
 To promote and encourage individuals, private and public investors to invest in the NAW
Bank by accepting their in-kind materials to acquire shares offered by the bank;
 To provide interest free loan and interest free loan guarantees to individuals, private-public
corporations and member countries.
 To support and provide funds to finance the new Africa’s Continent Tolls (ACTS’) Combined
Infrastructures’ Development Projects, 100 Years’ Master Plan;
 To acquire and dispose of the foreign debts of the African Union member states.

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 CHAPTER 2
THE CATEGORIES OF MEMBERS AND AUTHORIZED CAPITAL
OF THE NEW AFRICA’S WORLD BANK

There are hereby established in these Articles of Agreement, the following categories of
membership and initial capital holding of the NAW–BANK.

ARTICLE II
CATEGORIES OF MEMBERSHIP OF THE NAW BANK
The original members of the NAW–BANK are the African Union member states, the New Africa’s
World Nation (NAWN) and those individual persons, civil society organizations, corporations and
state who or which have accepted membership of the Bank and have contributed to the formation
and development of the bank’s programs; participated in the acquisition of the Bank’s equity and
shares or having signed the Charter and these Articles of Agreement.

SECTION 1
THE CATEGORIES OF MEMBERSHIP

The NAW–Bank will have local and municipal, national, transitional, sub–regional, regional,
individual, organization, corporate and global membership and it will be divided into the following
six categories:

1. Local municipal members who are members which or who are already members of the
New Africa’s World Development Fund (NAW-DEV. FUND);
2. Nations, individual and organizational members who or which are members of the
African American Development Fund (AAD-FUND);
3. Transnational members who or which are shareholders in the NAW–BANK, NAW–DEV.
FUND, ADD-FUND, NAW–MORTGAGE BANK and their subsidiaries in various parts of the
world;
4. Combined regional and state members which are shareholders in the NAW–BANK at
both regional and state levels;
5. Nations which are members of the Global economic development organization;

6. Accredited nation/states which are not Africa Union member states.

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 SECTION II
THE AUTHORIZED CAPITAL STRUCTURE OF THE NAW BANK

Under the aegis of these Articles of Agreement for the NAW–BANK, there are hereby established
three (3) categories of classes of shares with built-in voting rights as follows:

1. Class “A” Preferred Stock,

2. Class “B” Common Stock,
3. Class “C” Common Stock,

The rights and qualifications of members who are shareholders of the NAW–BANK are defined in
and they will be governed by the By-Laws of the NAWN–BANK, wherein only members in good
standing in any of the classes will have the right to vote and/or be voted for in all issues concerning
the operations and management of the NAW–Bank.

SECTION III
THE AUTHORIZED CAPITAL OF THE NAW–BANK

There are hereby established, authorized capital stock and shares of the New Africa’s World Bank
(NAW-BANK), being nine hundred and ninety–nine–billion (999,000,000,000) shares consisting of
the following classes of capital shares:

Class A 99,000,000,000 shares of Class A Preferred Stock, par value $10,000 (US$) per share.

Class B 600,000,000,000 shares of Class B Common Stock, par value $5, 000 (US$) per share.

Class C 300,000,000,000 shares of Class C Common Stock, par value $1, 000 (US$) per share.

SECTION IV
SUBSCRIPTION TO THE SHARES OF THE NAW–BANKS

On specified dates, each class of stock and shares will be available for full, partial or installment
subscription, by only accredited members. With the exception of the original members of the NAW
– BANK, all members shall subscribe to a choice of each class of capital stock and shall pay for the
same in accordance with the schedule date, time and place by the Bank. There is a minimum
number of offers of shares. The number of shares to be subscribed by each member shall be
determined by the Bank based on the number of offering from a non-reserve portion of its capital
stock for subscription. There shall be no maximum number of offers of shares issued by the NAW
BANK.

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 SECTION V
IDENTICAL RIGHT
The designations, preferences, power, qualifications and relative rights or privileges of the capital
stock of the NAW–BANK shall be as set forth in the By–Laws of the NAW–BANK.

DIVIDENDS: Subject to rights, if any, of the holders of Preferred stock, then outstanding, the holder
of shares of class A Preferred Stock, the holder of shares of Class B Common Stock and the holders
of shares of Class C Common Stock shall be entitled to receive dividends when, as, and if declared by
the Board of Directors of the Bank (the “Board of Directors”), out of the earnings and assets of the
Bank which are by law available thereof; dividends payable either in cash, in property, or in shares
of capital stock of the Bank.

SECTION V - A
PREEMPTIVE OF SUBSCRIPTION RIGHTS

Without limiting the effects, the NAW–BANK will make rules and regulations under which members
may increase their subscription beyond the minimum, following the initial issuance of shares of
class A Preferred Stock and Classes B & C Common Stock.

SECTION VI
PREEMPTION OF EXCLUSIVE ALLOTMENTS OF PREFERRED SHARES

There is hereby established preemption of exclusive allotments of Preferred Class A shares from
the authorized capital stock of the New Africa’s World Bank’s shares, for the accredited African
Union Member States and the New Africa’s World Nation (NAWN), being the original members and
first subscribers of the Bank’s Preferred Class A shares. The preemption of exclusive allotment of
the preferred number of shares for each accredited African Nation-States member and the NAWN,
will be determined by multiplying twenty percent (20%) of the population of the African Union
member State and the NAWN, times (x) two (2,000,000) million preemptive exclusive allotted
Preferred shares of the NAW–BANK. Each accredited African Nation-States or nation and the
NAWN, reserves the right to purchase additional Preferred Class A Capital Stock, Class B Common
Stock or Class C Common Stock inclusively, without restrictions.

SUBSECTION VI–A
AUTHORIZED EXTRAORDINARY AND EXCLUSIVE IN–KIND COMPENSATION
There is hereby established, an extraordinary and exclusive permanent compensation to the
founders and the original members for their in-kind material contributions, support and
commitment. The percentile compensation is derived from 10% (ten Percent) of the
authroize1dcapital shares of the NAW–BANK, which is hereinafter considered fully subscribed, paid
and outstanding in lieu of any other payments. This compensation is for the formation costs and
pre-operational best efforts for the NAW-BANK by all of the founders and original members,
including. Profs. Brimmy A.U Olaghere, for his forty-two years of full time continuous service, and
his functional activities in creating and developing the concepts of the NAW–BANK; originating and
coauthoring the Act which seeks to establish the NAW–BANK; originating the idea and actualizing
the establishment of the New Africa’s world Nation and the ACTS’ 100 Years’ Master Plan, funding
commitments to these concepts to actualize them, and the preparation of the frameworks for their
implementation and execution. Any amendment to the Charter and these Articles of Agreement or
By–Laws will not include, change or alter the permanency of the intent or purpose of Article II,
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Section VI and Subsection VI-A under Chapter II hereof. The retention of their percentile ownerships’
voting rights and the retention of the equivalent of 10% cumulative voting rights by them and their
heirs of choice will remain in perpetuity, with the rights and privileges attached thereto.

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 SECTION VII
OFFERING PRICE FOR SHARES
Unless and except as otherwise required by applicable law, the offering price for shares shall be at
par value. Offering of shares shall be issued at par pursuant to authorized capital stock of each class.
The NAW–BANK will not issue fractions of Common Shares unless three–fourths (3/4ths) of the
Board of Directors vote to validate the issuance of an authorizing a specific offering price.

SECTION VIII
DIVISION AND PAYMENT METHODS OF CAPITAL SUBSCRIPTIONS

There are hereby established, the methods of division and payment for capital stock and shares
subscribed, which may be paid in cash or may be divided into three (3) methods of payment as
follows:

 At least twenty–five percent (25%) of every number of shares purchased will be paid to
the NAW–BANK in cash in the form of local or foreign currency.
 Fifty percent (50%) of the number of shares purchased will be paid in gold, diamond;
and land, mineral or natural resources, sand, stone – minerals and trees, accepted ONLY
by the NAW–BANK;
 Upon demand for payment of the NAW–BANK, the remaining twenty–five percent (25%)
will be paid to the Bank, in the local/foreign currencies of the member state or in
acceptable raw materials.

SECTION IX
CONDITIONS AND METHODS OF PAYMENTS FOR SHARES

There are hereby established conditions and methods of payment(s) for capital stocks and shares
purchased by any member. When payment by any member for shares and stock(s) of the Bank, in
cash, or in gold, diamonds, land with anything on top or beneath the land, minerals, natural
resources deposits, or acceptable property, all such natural material resource, land and properties
will be equal and will be exact in value accessed at the current rate, in terms of monetary value of
the shares and stocks of the NAW–BANK.

SECTION X
SCHEDULE TIME OF PAYMENT OF SUBSCRIPTION

There is hereby established a scheduled time of payment for any offer and accepted subscription of
capital stock of the NAW–Bank. After the receipt of any members’ promissory note by the Bank,
payment to the Bank will be due within ninety (90) days from the date of the signed promissory
note. When and if a payment postponement is desirable or necessary, the member shall make such
a request in writing and the Bank must consider a best alternative cause of action in the strategic
best interest of both parties for their mutual benefits, before acceptance or rejection.

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 SECTION XI
NON–TRANSFERABILITY AND NON–DISPOSAL OF SHARES

There is hereby established, under the aegis of this Article of Agreement, a rule that no member(s)
or shareholder(s) of the Bank will encumbered, pledge, dispose and/or transfer to another
member, under any circumstances. No member has the right to sell the stocks and shares of the
NAW–BANK. All stocks and shares will be sold by the NAW–BANK and all and any outstanding
shares shall be repurchased ONLY by the NAW–Bank with no exception.

SECTION XII
CATEGORIES AND THE LIMITS OF VOTING RIGHTS

There are hereby established, categories and limits of voting rights of the shareholders of the NAW
– BANK. All the categories of each share have the following voting rights:

 Preferred Class “A” Stock has ten (10) cumulative votes;

 Class “B” Common Stock has five (5) cumulative votes;

 Class “C” Common Stock has one non – cumulative Vote.

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 CHAPTER 3
GENERAL APPLICATION AND THE USE OF BANKABLE
RESOURCES OF THE NAW–BANK

There are hereby established, the general principal tenets and provisions of application, utilization
and the use of the NAW–Bank’s bankable materials, securities and resources under these Articles of
Agreement based on the tandeminal economic systems of plough–in and phase-out approach to
wealth creation and the distribution of wealth.

SECTION 1
THE APPLICATION AND USE OF BANK’S BANKABLE RESOURCES
There are hereby established, the NAW–BANK’s bankable materials, securities, other financial
instruments and resources will be applied and be used for and on behalf of the NAW–BANK’s
members, to promote and develop the Bank’s approved projects and to provide loanable funds to
its members and nonmembers to finance projects and programs for the benefit of all its members
and nonmembers to finance projects and programs for the benefit of all human families in the nine
Regions of the New Africa’s World Nation in the global village.

SECTION II
THE APPLICATION AND USE OF BANK RESOURCES

The resources and financial instruments of the Bank shall be applied to and be used for and on
behalf of the Bank’s members to promote and develop the Bank’s approved projects and to provide
loanable funds to finance programs for the benefit of all human families in the nine Regions of the
New Africa’s World Nation.

SECTION III
FOCUS ON THE NEW AFRICA’S WORLD

Committed to link up and integrate Africa and all Ethnic Africans throughout the world, for self-
reliance, self–actualization and for the purposes of integrating the socioeconomics development of
Africa to the fullest extent, the resources of the Bank shall be used to promote and support the new
Africa’s Continental Tolls (ACTS) Combined Infrastructures’ Development Projects, One Hundred
Years Master Plan and to free the African Nation-States Member States from all foreign loans and
financial debt burdens.

SECTION IV
NO INTEREST CHARGE FACILITIES

In the matters of tenet and principle, authority and for the purposes of application, utilization and
the use of the Bank’s funding facilities, there is hereby established an irrevocable permanent policy
that at no time, under these Articles of Agreement, will the New Africa’s World Bank (NAW– BANK)
charge interest on its loan facilities and/or loan guarantee (s) it provides or extend to its members.
In the furtherance of this policy, the Bank is hereby authorized to a fixed rate fee of 3.5% for its
financial services charge. The fixed rate for the financial services charge, must not be altered up or
down in the next one hundred (100) years without a written request by the Executive President
and CEO of the NAW–BANK. Such a request must be approved unanimously by the Board of
Directors and affirmed unanimously by the Board of Governors of the NAW–BANK.

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 SECTION V
REGIONAL AND GLOBAL LOANS AND FUNDING GUARANTEES

There is hereby established, a policy for the NAW–BANK’s Regional and Global Loans and funding
guarantees from its funds of all loans’ acquisition by member countries to execute or implement
necessary and materially important projects or programs for which there are no other means to
facilitate or successfully pursue their applications. The NAW–BANK shall provide the loan and/or
provide guarantees for the loan only if the loan(s) was provided by the financial institution pre-
approved and accredited by three–fourths (3/4ths) of the Board of Governors and unanimously
pre-approved by the Board of Directors and endorsed by the Executive President & CEO of the NAW
– BANK. The NAW–BANK shall charge no interest for providing loans or guaranteeing such loans.
Loans maturity, amortization and repayment schedules shall be determined and planned by the
NAW–BANK. The NAW-BANK shall reserve the right to purchase or repurchase the loans or
guarantees with the material collateral of the loans or guarantees in avoidance of any defaults.

SECTION VI
NAW–BANK’S GUIDELINES AGAINST DEFAULTS

There are hereby established the NAW–BANK’s guidelines against defaults by its members. The
Bank will engage in the following methods of meeting and minimizing its risks and liabilities:

1. The bank will require marketable collateral and bonding before extending loans and funding
guarantees;
2. The bank will establish a special escrow account into which the loans or guaranteed
commissions or fixed charges received from the borrower will be deposited.
3. The bank must establish a special Reserve Account into which at least “5 Percent” (5%) of its
gross earning must be deposited;
4. The Bank, as may be needed will purchase or repurchase its liabilities;
5. In order to redeem itself the Bank may repossess the project guaranteed, operate and
manage it until the entire debt obligations and all its liabilities are fully satisfied.
6. The Bank will sell and collateralized items of the borrower to pay off or retire its liabilities.

SECTION VII
BANK’S PARTICIPATION IN THE MONEY AND SECURITIES MARKETS
There are hereby established the policies and mandates of the Bank to participate in the money and
securities markets and to acquire funding sources of the bank. The bank will issue bonds; issue and
sell its stocks; sell and buy securities and bonds of its member countries with the approval of the
members; provide guarantees for securities of the projects in the which it has investment; borrow
interest free currency to support and sustain state/nation members economics; participate in
selling and buying of members states’ treasury bonds and securities approved by at least three –
quarters (3/4) of the Executive Board of Directors and two–thirds (2/3rds) majority of the Board
of Governors of the NAW–BANK. The Executive Board of Directors must approve the Bank’s SEAL
with a “Disclaimer” of “No Government Property” [except if so expressed] on the face of every
SECURITY or BOND issued or guaranteed by the NAW–BANK.

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 SECTION VIII
USE AND APPLICATION OF LOANS GUARANTEED BY THE NAW–BANK
The bank will work with the borrower(s) to ensure that the loan(s) provided is/are used in the
project(s) for which they–were and it/was acquired by providing the following guidelines and
support systems:

1. The bank will provide its projects inspectors who will share progress reports with the
borrowers and will ensure that the loans are used for the purposes they were granted;
2. The Bank will make arrangements to identify and to have access to all the records, relating
to the specified project(s) of the supplier(s) of all products and the place(s) of origin(s) of
the materials to be used in the entire project(s);
3. Each loan granted or extended by the Bank will have its separate account opened in the
borrower’s name. The full authority to draw-down by the borrower through the issuance of
requisition, from the account ONLY to the extent of completed work or any amount due on
the account which may have been expended or actually accrued, verified and incurred to
execute and implement the project(s).

SECTION IX
FUNDING GUARANTEES AND LOAN TO AFFILIATES

There are hereby established power and authority for the NAW–BANK to issue, extend, participate
in and/or guarantee bonds, loans and provide funding support of all the legal financial institutions
to the New Africa’s World Development Fund which is hereinafter referred to, or cited as (NAW-
DEV. FUNDTM, African American Development Fund, which is hereinafter to, or cited as (AAD-
FUNDTM) and the New Africa’s World Mortgage Bank Group which is hereinafter referred to, or
cited as (“NAW-MORTGAGE BANKTM”) groups which are direct affiliates of the NAW–BANK, for
their use in procuring, lending, guaranteeing, co-guaranteeing, and for their sustainable operations
throughout the World. The total aggregate amount of lending and guaranteeing will be determined
by the total of outstanding shares and stocks or by two-thirds of paid up capital stock of each
affiliate.

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 CHAPTER 4
THE ORGANOGRAM, ADMINISTRATION, MANAGEMENT
STRUCTURES OF THE NAW-BANK

There are hereby established under this charter and these Articles of Agreement, the Organogram,
Administration and Management structures of the NAW–BANK. The Bank will have a Board of
Governors, Executive Board of Directors, an Executive President and Chief Executive Officer,
Executive Vice Presidents, Governor of Treasuries, Executive Comptrollers, Senior Vice Presidents
and staffs to operate and manage the affairs of the NAW-BANK as needed and as determined by the
NAW–BANK.

SECTION 1
BOARD OF GOVERNORS
There is hereby established a Board of Governors of the Bank. The supreme power and authority of
the Bank shall be vested in The Board of Governors, whose membership shall consist of nineteen,
two Representative one principal and one alternate from each region of the Global Village in
addition to the Executive President/chairman of NAWN. Each region shall be entitled to one vote on
all issues concerning the affairs of the NAW–BANK. One of the representatives from the Region
shall serve as the alternative in the absence of the Principal Representative. The Executive
President/Chairperson of the NAWN, his or her designee shall be the Chairperson of the Board of
Governors. The Board of Governors shall make rules, regulations and be the chairperson of the
Board of Governors shall hold an annual meeting each year or such meeting shall constitute a
quorum. The Board of Governors shall set and determine the compensation, terms and benefits of
itself and those of the Board of Directors, the President and other ranking officials of the Bank. The
Board of Governors shall delegate certain powers and authorities to the Board of Directors to;

A. Consider and approve executives officers’ candidacies by two-third (2/3rds) majority, to be

confirmed or endorsed by the Board of Governors
B. Initiate and develop relevant policy framework for the enhancement and effectiveness of the
Bank’s operations, controls and management.
C. Process applications, set up admission criteria and admit new Bank members.
D. Approve or deny loan(s) application and loan(s) guarantee(s);
E. Make rules and regulations to be confirmed and ratified by the Board of Governors to govern
the operations, control and management of the Bank and to distribute its assets;
F. Make recommendation(s) for alliance and/or association with other non–accredited
financial institutions and to take any and all appropriate action(s) to protect and defend the
strategic interests of the NAW-BANK at all times.

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 NAW-BANK’S ORGANIGRAM
SECTION 11
THE EXECUTIVE BOARD OF DIRECTORS

There are hereby established, the Executive Board of Directors of the NAW BANK which will derive
its powers and authorities from the Board of Governors under this Act. There shall be forty-six (46)
members of the Board of Directors of the Bank. One member of the Board of Directors shall
represent the Global Economic Development Organization (GEDO) who shall he nominated by
Chairperson of the Board of Governors and approved by at least three-fourths (3/4ths) of the
members of the Board of Governors. He or she shall serve as the Chairperson of the Board of
Directors.

There shall be five (5) members each from the nine Regions of the New Africa’s World. The Vice
Chairperson of the Board of Directors shall be elected by the Board of Directors’ themselves. The
rules and regulations that govern the functional activities of the Board of Directors shall be drafted
by the members of the Board of Directors and they shall be confirmed and approved by the Board
of Governors of the l3ank. The President of the NAW-BANK shall be an ex-officio member of Board
of Directors with no voting rights.

Each member of the Board of Directors shall serve nine years from the date they take oaths of their
commission and may be reappointed for another nine years. Any and all members of the Board of
Directors may be removed from his, her and/or their position(s) with or without cause, by the
Board of Governors, acting for and in the best interest of the NAW-Bank.

SECTION III
THE GLOBAL HEADQUARTERS OF THE NAW-BANK

There is hereby established, the address and location of lice Global Headquarters of the NEW BANK
(The “NAW BANK GLOBAL HEADQUARTERS”) in the Central Region of the African Continent.

SECTION IV
THE GLOBAL EXECUTIVE SECRETARIAT OF THE NEW-BANK

There is hereby established the Global Executive Secretariat and a permanent Global Headquarters
of the NEW-BANK in the Central African Region of the African Continent, wherein all of the Bank’s
global operations will be co-ordinated, controlled and managed in the strategic best interests of the
NAW-BANK and its members. The Global executive Secretariat of the Bank shall be nominated by
the President and Chief Executive Officer of the Hank; who shall be nominated by the Executive
President and Chairperson of the NAWN, approved by the Board of Directors and confirmed by the
Board of Governors. The President of the Bank shall remain in office at the pleasure of the
chairperson of the Board of Directors of the Bank with the consensus of the members of Board of
the Board of Governors.

SECTION V
REGIONAL AND SUB-REGIONAL SECRETARIAT OF THE BANK

There are hereby established the Regional and Sub-Regional Secretariats of the Bank as listed
below in Section V1. All the necessary Regional, Sub-Regional secretariats and offices of the Bank

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may be established by the Board of Directors on the recommendation of the Executive President
and CEO of the Bank.

SECTION VI
THE EXECUTIVE PRESIDENT AND CHIEF EXECUTIVE OFFICE OF THE NAW BANK

There is hereby established, the position and the Office of the President and Chief Executive Officer
of the NAW BANK, which is hereinafter referred to as the ‘President & CEO.” He or she shall be
assisted by nine Executive Vice Presidents, one Governor of the Treasuries, nine Executive
Comptrollers and six several Vice Presidents as follows:

EXECUTIVE VICE PRESIDENTS

1. Executive Vice President for African Nation–States Region 1

2. Executive Vice President for Caribbean Countries Region Il
3. Executive Vice President for South American Countries Region II
4. Executive Vice President for U.S.A., Canada and Mexico Region IV
5. Executive Vice President for Asian countries Region V
6. Executive Vice President for European countries Region VI
7. Executive Vice President for Middle East countries Region VII
8. Executive Vice President for Pacific Island countries Region VIII
9. Executive Vice President for Russian Federation Region IX

One: There shall be ONE GOVERNOR OF TREASURY and one (1) Deputy Governor for each Region.

EXECUTIVE COMPTROLLERS

1. Executive Comptroller for African Nation-States Region I

2. Executive Comptroller for Caribbean countries Region II
3. Executive Comptroller for South American countries Region Ill
4. Executive Comptroller for USA, Canada and Mexico Region IV
5. Executive Comptroller for Asian Countries Region V
6. Executive Comptroller for European Union Region VI
7. Executive Comptroller for Middle East Countries Region VII
8. Executive Comptroller for Pacific Island countries Region VIII
9. Executive Comptroller for Russian Federation Region IX

SENIOR VICE PRESIDNETS

1. Senior Vice President of Planning, Research, Development and Budgeting Affairs

2. Senior Vic President of Administration, Control and Management Affairs
3. Senior Vice President of Finance and Accounting Affairs
4. Senior Vice President of Global Operations
5. Senior Vice President of communication, Public Relations amid Local Affairs
6. Senior Vice President of Safety and Security Affairs

There are hereby established the authorization for additional Vice President and high ranking
officers in the NAW-BANK which may be created by the Executive Board of Directors.

All of the above positions shall be filled by person(s) with impeccable records of achievements and
whose appointment(s) shall be approved by the Board of Directors and confirmed by the Board of
Governors. All those who hold the above positions shall report directly to the Executive President
and CEO of the NAW-BANK, these Articles of Agreement

15 | P a g e
 SECTION VII
POWER, AUTHORITY AND THE DUTIES OF THE EXECUTIVE PRESIDENT AND CEO

There is hereby established the power and authority vested in the Office of the Executive president
and Chief Executive Officer of the NAW-BANK, hereinafter referred to as the “Executive President &
(CE0”) of the NAW-BANK, with the duties and responsibilities inherent therein. The Executive
president & CEO will be responsible to the Board of Governors/Board Directors; to whom he or she
will report directly and will be held accountable. The Executive President & CEO will be answerable
to the Executive Board of Directors, wherein he or she is non-voting member under the aegis of
these Charter and Articles of Agreement. The Executive president & CEO will be the Chief operator,
controller and manager of the affairs of the NAW-BANK. He or she will have the right to select his or
her “Zero in Principals Team,” herein referred to as the “ZIP TEAM” with high regards for capacity
to perform and ability to produce desired results based on their abilities to perform efficiently,
infectively, and dependably with audacity enabled possess of the will power to maintain continuity
in order to achieve the goals and objectives of the NAW-BANK. The “ZIP TEAM” and officer staff
officers must discharge and perform their functions and duties entirely and exclusively for the
NEW-BANK without obligation to, involvement and loyalty with any other organization or
institution.
SECTION VIII

NON-INTERFERENCE BY MEMBERS

Under these Articles of Agreement, no individual member of the NAW-BANK will interfere with the
performance, duties, approach, methods of operations, direct and/or challenge the power and the
authority of the Executive president and CEO and his or her staff officers in the execution of their
duties. There will be no undue influence or inducements of any of the officers of hic NAW-BANK by
other officers and/or members of the NAW-BANK. .

SECTION IX

DEPOSITION OF TREASURES

(A) There are hereby established internal safe deposits’ treasures in each of the nine Regions
wherein all currencies, gold. diamond and all other material valuables of the NAW-BANK will be
deposited at all times under direct control and supervision of the Executive Comptroller, who must
report through the Executive President & CEO to the Governor of Treasuries. Only one-quarter or
(1/4th) of all deposits will be kept or remain in the Region wherein such deposits were made.

(B) The NAW-BANK’s Regional branches will transfer all the excesses of any and all deposits above
“25 Percent’ at the Regional office and 75-100% to the Global Headquarters under the control of the
Governor of treasuries. The NAW-BANK will hold onto, and maintain in a safe and secured place,
“100 percent’ (100%) of all the deposits in the Global Treasuries at all times.

(C) The Executive President CEO will advise the Board of Governors how to use (for) profit, the un-
used remaining “50 percent” (50%) of all the deposits. In the event of nonexistence of the NAW—
BANK’s own safe and secured deposit facility in and given region, the Executive President & CEO
will nominate another institution [such as the Central Bank of a member country] to the Executive
Board of Directors for approval of the temporary use of depositories will be confirmed by the Board
of Governors before the Executive President & CEO signs such a space lease agreement. No

16 | P a g e
temporary deposit of any kind will be more than one year or more than twelve months in
succession.

(D) When and if the need arises to extend the period of temporary space and facilities use beyond
the mandatory time of one (1) year, the executive president & CEO will order a complete removal
and transfer of all previous deposits to the Global Headquarters if the NAW-BANK. No deposit so
will remain in any rented or leased spaces or facilities for more than one hundred and twenty (120)
days without the consent and approval of the Board of Governors of the NAW-BANK.

SECTION X
COMMUNICATIONS AND INFORMATION DISSEMINATION

There is hereby established, the Communication and information Dissemination Department of the
NAW-DANK under the leadership, control and management of the Senior Vice President of
Communication and Legal Affairs of the NAW-BANK. He or she will report directly to the Executive
president & CEO. The Bank ‘s annual reports, publications, audited financial statements, published
materials, operational literature, strategic economic and industrial development and other
pertinent information analysis, staff education and training per schedule(s), will be the integral
part of the duties and purposes of this Department. The methods, means of dissemination and
distribution of published informational documents and materials will be recommended by the
Senior Vice President of the Executive President &CEO who will consider and approve or reject
such recommendation(s) in the strategic best interests of the NAW-BANK.

SECTION XI
NET IMCOME DIVIDENDS

In the best interest of the NAW-BANK, as a measure of its efficient operations and for the assurance
of its members, the Board of Governors will determine from the annual revenue generated by the
Bank, how much of the bank’s profit (if any), will be distributed to its members. When dividends
are distributed, all payments of the dividends will be made in the same currencies investments
were made by the investors; or based on book value of material and minerals.

SECTION XII
INDEPENDENT PRESIDENTIAL ADVISORY COUNCIL
There is hereby established, a ten-member Independent Presidential Advisory Council (I-PEACE)
who will act as the “Think-Tank-Team” with the Executive President & CEO of the NAW-BANK. The
Executive President& CEO will select those he or she considers to be in his or her “-PEACE” Team
from each of the nine Regions and one from the Global Economic Development Organization
(GEDO). The meeting places, when, where and for what, will be at the pleasure of the Executive
president & CEO of the NAW-BANK. The Executive President & CEO will decide the appointment’s
criteria, compensation and benefits.

SECTION XIII
TRADE AND ECONOMIC DEVELOPMENT ADVISORY COUNCIL
There are hereby established, a Trade and Economic Development Advisory Council, hereinafter
referred to as the “TEDAC”, which will advise and counsel the Executive President & CEO on all
global trade and economic development issues. There will be sixteen (16) members of the TEDAC,
one (10 each from the nine Regions as listed herein above and six (6), transferred on special
assignments from the Global Economic Development Organization GEDO, who will join the
Executive president in monitoring all global trade transactions and taking appropriate measures.

17 | P a g e
(A) The representative of the members of TEDAC will reflect the Global Village’s character without
prejudice. All sixteen members of TEDAC will be nominated by the Executive President & CEO and
they will be approved by the Executive Board of Directors. Their appointments will be affirmed by
the Board of Governors which set their compensatory salaries and benefits accordingly.

(B) The Executive President and CEO will be Chairperson of the TEDAC. The TEDAC will meet at
least once a month and at other times upon the call or at the request of the Executive president and
CEO.

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 CHAPTER 5
RIGHTS AND PRIVILEGES OF MEMBERS
There are hereby established under these Articles of Agreement, the rights and privileges of the
members of the NAW-BANK to keep or withdraw their investments and accept settlements of their
accounts. The investors Must write notice of their intentions to withdraw from the NAW-BANK to
the Executive President & CEO who will transmit the notice to the Governor of Treasuries for
processing. All withdrawal notices will take effect five (5) working days after they have been
received by the Executive President & CEO. The settlement of the account must be concluded within
thirty (30) working days from the date the Executive President & CEO received the notice of
withdrawal.

ARTICLE I
SUSPENSION OF SERVICES AND BENEFITS
There is hereby established a policy that any member country which invades, declares war on
another nation and/or violates the sovereignty of another country, fundamental human rights,
engage in act of racism, discrimination and prejudice shall be suspended and shall not continue to
receive the support, services and benefits of the NAW-BANK. Before the decision is taken to
suspend the Bank's support, services and benefits to a member country, the member country must
be given an opportunity to defend itself before a special Conflict resolution and Reconciliation
Committee (CRRC) appointed by the and operating or functioning under the aegis of the Executive
Board of Directors.

SECTION I
SUSPENSION OF SERVICES AND BENEFITS
When and if any member fails to maintain a good standing by fulfilling the inherent investment
obligations, the NAW-BANK's Executive President & CEO will authorize the suspension of voting
rights, privileges and all the benefits accruing to the investor(s) until and unless three-quarters
(3f4ths) of the Board or Governors approve the removal of the suspension. The NAW-BANK's
Executive President & CEO, acting on the advice of the Governor of the Treasuries, will serve first
three (3) months and second three(3) months' notice to the member(s) on the impending notice of
suspension of any and all those members who are not in good standing informing them of the
consequences, impacts and the Executive President & CEO's authority under these Articles of
Agreement, to impose an impending suspension as a last resort. Any member may withdraw
membership of the N A W-BANK before, during and after suspension.

SECTION II
NONMEMBERSHIP OF ACCREDITED AFFILIATES

There are hereby established standing, ranking and accredited affiliates of the NA W-BANK, which
are:

1. New Africa's World Development Fund ( NAW-DEV.-FUND)

2. New Africa's World Mortgage Bank ( NAW-MORTGAGE-BANK) GROUP
3. African American Development Fund (AAD-FUND).

Any non-member of the NAW-BANK shall not receive or benefit from loans and loan guarantee
facilities offered by the Bank. The fill and complete membership criteria including the six (6)
months of transitory entry as affiliate member of the Bank will be set by the Executive Board of
Directors. If the Executive President &.CEO of the NA W-BANK and the Executive Board of Directors

19 | P a g e
determine that such requirement does not conflict with policies or impact on the intents and
purposes of the NA W-BA NK, such requirement may be waived.

SECTION III
SETTLEMENTS OF ACCOUNTS
There are hereby established, the power and authority under these Articles of Agreement, shall be
vested in the Executive President & CEO of the Bank to settle all members' account(s) under the
auspices of Board of Directors which shall approve the settlement of all accounts presented to it by
the Executive President & CEO of the Bank. The rules, regulations, policies, guidelines and
procedures for the settlement of Members' accounts shall be written by the Board of Directors and
submitted through the President & CEO of the Bank to the Board of Governors which must
unanimously approve it before they become binding on all members of the Bank.

SECTION IV
RIGHT OF FIRST REFUSAL
There is hereby established, under this Act, the right of first refusal of all outstanding shares and
certificates of the Bank. Under these Articles of Agreement, no member shall transfer, convert,
assign and/or sell its, his or her shares to any other party, person(s), organization(s) or
institution(s) except the NAW BANK. The Bank is the only entity with the power and authority to
repurchase all of its outstanding shares from any and all of its members. The terms, conditions and
price of repurchase, will be determined by the Executive President & CEO, on advice of the
Governor of Treasuries, in accordance with the financial accounts and records of the Bank during
the same period.
SECTION V
MEANS AND METHODS OF PAYMENT(S)
Any and all net [i.e., the total amounts or sum minus all liabilities] payments to members from
either the dividends declared or profits [if any], from the repurchase of shares by the Bank, shall be
made by the Governor of Treasuries and endorsed by the President & CEO of the Bank, from the
proceeds or income generated by the Bank in the form of:

1. The currency of the country wherein the investor(s) resides or with the currency
with which the investors had used to acquire the Bank's shares;

2. Gold, diamonds and other minerals acceptable to and approved by the President &
CEO and endorsed by at least two thirds (2/3rds) majority of the Board of Directors
of the Bank;

3. No payment shall be made to any member when its, his or her liability exceeds its,
his or her investment or shares in the Bank.

Any and all loans or guarantees made for members by the Bank shall not be used to disqualify
members from receiving and benefitting from the facilities of the Bank if they are in good standing
with the Bank.

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 ARTICLE 2
SPECIAL AND EXTRAORDINARY POWER AND AUTHORITY
OF THE EXECUTIVE PRESIDENT AND CEO
There are hereby established, the special and extraordinary power and authority of the Executive
President & CEO under these Articles of Agreement, to act [ with the unanimous approval of the
Board of Governors and the unanimous approval of the Executive Board of Directors], for the
strategic best interests of the members and for only this Bank; to suspend the operations of the
Bank and to effect settlement of the loans, all obligations and guarantees made by this Bank,
without exception, during an emergency situation(s), pending the resolution and/or until the Board
of Governors gives further directives to remove or keep in place, the imposed suspension. The
Executive President & CEO shall submit and the Board of Directors shall review all the necessary
procedures required to ensure that all safety and security measures are taken to protect the
investors' capital shares and this Bank.

SECTION 1
ISSUANCE OF BOND SERIES
The Executive President & CEO shall authorize the issuance of a series of bonds to be guaranteed by
the Bank [commercial, industrial and developmental j bonds in order to raise funds to finance
among others, the following; industries, commercial, agricultural and faun products, healthcare,
education and training, electrical power, solar energy, water supply, research and development,
housing, community developmental infrastructures for member countries and individuals.

ARTICLE 3
EXCLUSIVITY, SPECIAL PRIVILEGE, IMMUNITY AND TAX EXEMPT STATUS
There are hereby established under these Articles of Agreement, an exclusivity, special privilege,
immunity and tax exempt status granted by member countries which would enable the Bank to
fulfill its roles and perform its functional activities for and on behalf of the member countries of the
Bank. All and any official communications of the Bank will give each member the same treatment
and equal recognition of all other members as well.

SECTION 1
STATUTORY AUTHORITY OF THE NAW-BANK
The NAW-BANK shall have full statutory authority to exercise juridical representation, and in fact,
the capacity to:

1. Issue and sign contracts and/or agreements;

2. Acquire tangible, intangible, moveable and immovable property and/or any and all assets;

3. Sue and be sued in any court of jurisdiction in member countries in which the Bank operates;

Legal action may be brought against the Bank by any member in any accredited court of jurisdiction
in the member's country, in which the Bank operates and conducts the official business of the Bank.
Under this Act, no member shall have the power or authority to seize, impose lien attachments or
take possession of any of the assets of the Bank which are immune in such member's country until
a final judgment has been made against the Bank in the court of law.

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 SECTION II
EXCLUSIVITY FROM SEIZURES
There is hereby established by these Articles of Agreement, the exclusivity of immunity from
seizure and control of any and all assets, properties and valuable archives, located in member
countries which are deemed inviolable by the Bank. At all levels possible, the operational structures
approved by the Board of Governors and accepted by the members of the Bank shall be free from all
and any type of restrictions, Lyles, regulations, controls and moratoria of any kind.

SECTION III
OFFICIALS AND EMPLOYEES' IMMUNITIES, RIGHTS AND PRIVILEGES
There are hereby established that all Board of Governors, Board of Directors, all officials and all
employees of the Bank are immune from legal acts in regards to or that has do with the functional
performance of their official duties or assignments. No immigration or alien registration or travel-
related requirement shall be needed by any officials or employees of the Bank in order to perform
and render their services in any member country or state in which the Bank operates as are equally
accorded no restrictions to members of the diplomats of comparable rank or status. The immunity
shall include among others, the following:

1) No resident permit shall be required for any and all officials and employees of the
Bank;
2) No immigration restrictions shall be imposed on the officials and employees of the
Bank;
3) All and any officials and employees of the Bank shall be granted the same treatment
in travel facilities as is reciprocated and accorded by member countries' officials and
representatives;
4) No tax or customs duties shall be imposed or levied against the assets, income with
no exception and properties of the Bank;
5) No tax shall be imposed or levied on employees salaries and benefits paid by the
Bank;
6) No tax shall be imposed or levied against all and any securities issued or obligations
acquired by the Bank;
7) No tax shall be imposed or levied against the Bank in any jurisdiction of any member
country where it operates and conducts the business of the NAW-BANK;
8) No discrimination against the securities and obligations issued by the Bank;

All the member countries shall take all necessary action within their domain to ensure that the
terms and conditions take effect in accordance with their rules, regulations and laws, based on the
principles, intents and purposes of this Act.

22 | P a g e
 ARTICLE 4

AMENDMENT OF TIIIS A RUCLES OF AGREEMENT

It is the sense of the framers of this Articles of Agreement that any part of Articles may be subject to
amendment or modifications which may be introduced by members of the Board of Governors,
Board of Directors, member countries and/or the President of the Bank. When a proposed
amendment is introduced through the Chairperson or the Executive President of the Bank, he or
she shall within 30 days transmit the written proposed amendment to the Chairperson of the Board
of Directors who shall within 60 days (allot it has been reviewed by the Vice President of the
Communications and Legal Affairs Department] authorize it to be distributed to all accredited
member nations in good standing for their review, consent and approval. If the proposed
amendment(s) is approved by consensus, the Chairperson of the Board of Directors shall within 90
days' schedule a Board of Directors' meeting to vote on the proposed amendment(s). At least two-
thirds (2/3rds) of the Board of Directors is required to approve the proposed amendment(s),
which within five (5) days, must be transmitted to the Chairperson of the Board of Governors,
whose three-quarters (3/4ths) of its members arc required in order to approve the proposed
amendments) of these Articles of Agreement. After ninety days of adoption of the amendment by
the Board of Governors, the amendment(s) shall come into force for all members and copies of the
amendment(s) shall be distributed to all members.

ARTICLE 5
ENTRY INTO FORCE
This Article of Agreement will enter into force thirty.(30) days after it has been approved
unanimously by the combined Regional General Assembly, !Ugh, Higher and I highest Chambers of
the Supreme Council of the New Africa's World Nation and signed into law by the Executive
President and Chairperson of the Highest Chambers of the Supreme Council. It shall come into lint&
thirty (30) days after it has been approved and signed, on behalf of a member country's
government by an authorized person(s0 with the subscription of at least $2.5 million US$D) from
the member country, or $1000 (USW) from a shareholder.

SECTION I
INDIVIDUALS, CORPORATIONS AND ORGANIZATIONS
MEMBERSIUP APPLICATION AND SIGNATURES
After this Articles of Agreement comes in died, the Executive President/Chairman of the Supreme
Council of NAWN will direct the Commissioner of Communications and Legal Affairs to issue a
statement to announce the establishment of the NA W BANK and invite the general public,
individuals, public and private sectors to join the membership of the Bank by signing membership
applications. Any and all individuals who wish to become accredited members oldie Bank shall be
required to purchase equity and shares of the Bank and to deposit with the Bank in cash, at least
$2.5 million (US$1)) for countries and at least $1000 (UM) for individual of die total shares
purchased to affirm its, his or her membership of the NAW-BANK.

23 | P a g e
 SECTION II

SPECIAL MEMBERSHIP INVITATION TO THE AFRICAN NATION STATES

In view of the fact that the Bank's main activities are focused on the African Union States and the
fact that the Bank's Global Headquarters will be in Africa, it is deemed necessary to issue special
membership invitations to all African Union States. The letter of invitation for membership by the
African Union States will include the following materially important documents:

1. This Articles of Agreement;

2. Sample Letter of Promissory Note from the Government of the African Union State(s)
issued by its Central Bank or its Ministry of Finance

3. Sample letter from the African Union State(s) expressing their interest and desire to
host the NAW Bank and to participate in the funding and financing of its
developmental projects.

Any and all African Union States' government(s) which has signed these Articles of Agreement with
the Bank shall become accredited member(s) of the Bank, from the date the Articles of Agreement
was signed, and its membership shall take effect simultaneously. Within sixty (60) days after the
signing of the Articles of Agreement with the Bank, the member country or state shall deposit with
the Bank its initial 25% equity shares' subscription and full payment for at least one (I) share $2.5
million (Linn), affirming that it has accepted its participation and full membership rights, privileges
and till' benefits of the Bank under this Articles of Agreement.

SECTION III
NAWN REGIONAL MEMBERS OF THE BANK
Without exception, all the Regional Vice Chairpersons of the Supreme Council of NAWN, as a duty,
will act for and on behalf of the Bank, to negotiate with the governments of their Regions to become
accredited members of the Bank for mutual benefits, in accordance with the terms and conditions
of this Articles of Agreement. At the behest of the Executive President/Chairperson of the Supreme
Council of NAWN, the Regional Vice Chairperson of the New Africa's World Nation, are hereby
authorized to act in the capacity of the Executive President and CEO of the Bank after the
inauguration of the Bank. The Executive President and CEO shall assume office one minute after he
or she takes oath of office.
SECTION IV
REGIONAL EXECUTIVE COMPTROLLERS' SPECIAL DUTIES
Before the inauguration of the Bank, and until the Governor of Treasuries takes office or the oath of
office, the Regional 17-x4:i:wive Comptrollers shall act in the capacity of the Governor of Treasuries
and perform the duties inherent thereto. These special duties shall he terminated automatically one
minute after the Governor of the Treasuries takes oath of office in accordance with this Act.

SECTION V
INAUGURATION OF THE NAW-BANK
It is the sense of the combined Regional General Assembly, High, Higher and the Highest Chambers
of the Supreme Council, that in order for the NAW Bank to embark on its operations without. delay,
it should be inaugurated September 9, in the yew two thousand and three [ 9:9: 031 in the United
States of America, and in one of the African Union States in September. in the year two thousand
and four [9:9.2004 The Executive President/Chairman of the Supreme Council may ask any African
Union State of choice, to host the historical inauguration of the Bank.

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 PRIORITIZED AFRICAN NATION STATES EXCLUSIVE MEMBERSHIP LIST
AFRICAN NATION STATES SPECIAL ALLOTMENT OF NAW BANK
SHARES CLASS A PREFERRED STOCK, CLASSES
B AND C COMMON STOCKS
AFRICAN NATION STATES CLASS A PREFERRED STOCK CLASS B COMMON STOCK CLASS C COMMON STOCK

Algeria 2,000,000x20% of pop Optional Optional

Angola 2,000,000x20% of pop Optional Optional

Benin 2,000,000x20% of pop Optional Optional

Botswana 2,000,000x20% of pop Optional Optional

Burkina Faso 2,000,000x20% of pop Optional Optional

Burundi 2,000,000x20% of pop Optional Optional

Cameroon 2,000,000x20% of pop Optional Optional

Cape Verde 2,000,000x20% of pop Optional Optional

Central African Rep. 2,000,000x20% of pop Optional Optional

Chad 2,000,000x20% of pop Optional Optional

Comoros 2,000,000x20% of pop Optional Optional

Congo 2,000,000x20% of pop Optional Optional

Cote d’ Ivoire 2,000,000x20% of pop Optional Optional

Demo. Rep. of Congo 2,000,000x20% of pop Optional Optional

Djibouti 2,000,000x20% of pop Optional Optional

Egypt 2,000,000x20% of pop Optional Optional

Eritrea 2,000,000x20% of pop Optional Optional

Ethopia 2,000,000x20% of pop Optional Optional

Equatorial Guinea 2,000,000x20% of pop Optional Optional

Gabon 2,000,000x20% of pop Optional Optional

Gambia 2,000,000x20% of pop Optional Optional

Ghana 2,000,000x20% of pop Optional Optional

Guinea 2,000,000x20% of pop Optional Optional

Guinea Bissau 2,000,000x20% of pop Optional Optional

Kenya 2,000,000x20% of pop Optional Optional

Kingdom of Lesotho 2,000,000x20% of pop Optional Optional

Liberia 2,000,000x20% of pop Optional Optional

Libya 2,000,000x20% of pop Optional Optional

Madagascar 2,000,000x20% of pop Optional Optional

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Malawi 2,000,000x20% of pop Optional Optional

Mali 2,000,000x20% of pop Optional Optional

Mauritania 2,000,000x20% of pop Optional Optional

Mauritius 2,000,000x20% of pop Optional Optional

Mozambique 2,000,000x20% of pop Optional Optional

Namibia 2,000,000x20% of pop Optional Optional

Nigeria 2,000,000x20% of pop Optional Optional

Nigeria 2,000,000x20% of pop Optional Optional

Rwanda 2,000,000x20% of pop Optional Optional

Sahrawi Arab D. Rep. 2,000,000x20% of pop Optional Optional

Saotome & Principe 2,000,000x20% of pop Optional Optional

Senegal 2,000,000x20% of pop Optional Optional

Seychelles 2,000,000x20% of pop Optional Optional

Sierra Leone 2,000,000x20% of pop Optional Optional

Somalia 2,000,000x20% of pop Optional Optional

South Africa 2,000,000x20% of pop Optional Optional

Sudan 2,000,000x20% of pop Optional Optional

Swaziland 2,000,000x20% of pop Optional Optional

Tanzania 2,000,000x20% of pop Optional Optional

Togo 2,000,000x20% of pop Optional Optional

Tunisia 2,000,000x20% of pop Optional Optional

Uganda 2,000,000x20% of pop Optional Optional

Zambia 2,000,000x20% of pop Optional Optional

Zimbabwe 2,000,000x20% of pop Optional Optional

**Morocco {If} & when it 2,000,000x20% of pop Optional Optional

becomes AU member
* NAWN & its 9 Regions. 2,000,000x20% of pop Optional Optional

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 THE NEW AFRICA'S WORLD BANK ARTICLES OF AGREEMENT

Acting with the power and authority vested thereto, the combined Regional General Assembly and
the High, Higher and the Highest Chambers of the Supreme Council, has considered_ discussed and
heretofore, unanimously adopted into law this Articles of Agreement which has mandated the New
Africa's World Bank as a statutory corporate entity to exist and operate in member countries under
their constitutions and the Constitution of the New Africa's World Nation.

Hereinafter, the combined Regional General Assembly and the High, Higher and the Highest
Chambers of the Supreme Council of the NAWN, commits this Articles of Agreement to the Executive
President and Chairman of the Supreme Council to be signed into law under the authority vested in
his office by the Constitution of the New Africa's World Nation.

WITH THE AUTHORITY VESTED IN ME AS THE

EXECUTIVE PRESIDENT & CHAIRMAN
OF THE SUPREME COUNCIL OF THE
NEW AFRICA'S WORLD NATION

I, Prof. Brimmy A.U. Olaghere, endorse these Articles of Agreement which sets up the mandate,
rules, regulations and authorities of the New Articles of Agreement into law under the Constitution
of the New Africa’s World Nation.

Prof. Brimmy A.U. Olaghere

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 CERTIFICATE
I hereby certify that these combined copies of By-Laws, Act, Charter and Articles of Agreement of
the NAW-BANK bearing my signatures are completely true copies for the record, September 9,
2003.

H.E., Prof. Brimmy A.U. Olaghere,

Executive President & Chairman, Supreme Council
New Africa’s World National
Washington, DC, USA

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