SECTION

1. Statutory corporations, etc., affected.
2. Powers of and appointments to boards of corporations affected.
3. Composition of boards of corporations affected.
4. Provisions as to registered companies.
5. Extended meaning of "Minister".
6. Short title.

An Act to make special provisions for certain statutory corporations listed therein.

[1969 No. 34.)

[ 1st April, 1969]

[Commencement.)

1. Statutory corporations, etc., affected

(1) The statutory corporations and companies controlled by the Federal Government
mentioned in subsection (2) of this section (in this Act individually referred to as "corpo-
ration affected") shall operate and have effect subject to this Act; and where constituted
under any special enactment, that enactment shall be affected by this Act and be deemed
to have been amended to any extent necessary to give effect hereto.

(2) The following are the statutory corporations and companies referred to in subsec-

tion (1) of this section, that is to say-

       (a)       Federal Radio Corporation of Nigeria;

       (b)       Nigerian Coal Corporation;

      (c)        Nigerian National Shipping Line Limited;

       (d)       Nigerian Ports Authority;

       (e)        Nigerian Railway Corporation;

      (f)        Tourist Company of Nigeria Limited;

       (g)       Nigeria Airways Limited;

       (h)       National Freight Company Limited;

       (i)         Central Water Transportation Company Limited;

      (j)         National Cargo-Handling Company Limited.

(3) The President may, if he thinks fit, from time to time by notice published in the
Federal Gazette, extend the operation of this Act to other statutory corporations and com-
panies controlled by the Federal Government by the inclusion of their names in subsec-
tion (2) of this section.

2. Powers of and appointments to boards of corporations affected

(1) The board of any corporation affected shall be responsible for the determination
of the overall policy of the corporation, and in particular with regard to the financial,
economic and operational programmes of the corporation affected, and for ensuring the
implementation of such policy.

(2) The chief executive of a corporation affected, by whatever name called or known,
shall be responsible for the implementation of the policy decisions of the board and for
the day-to-day running of the corporation affected; and if by virtue of his office he is a
member of the board, he shall continue to be a member thereof but without vote.

(3) The Minister charged with responsibility for a corporation affected (in this Act re-
ferred to as "the appropriate Minister") may give to the board of a corporation affected,
directives of a general or a special nature with regard to the exercise by the corporation
affected of its functions; and as the case may require, it shall be the duty of the chairman
of the board and the chief executive, to comply with the directives unless matters of pol-
icy are in dispute and subsection (4) of this section applies.

(4) In the application of subsection (3) of this section, where the appropriate Minister
intends to initiate a policy in so far as it relates to a corporation affected, he must consult
with the chairman of the board of that corporation, and in the event of disagreement, the
policy and any directive issued shall stand suspended, so however that if any part in dis-
pute is severable from any other aspects of policy not in dispute, the policy or the direc-
tive issued shall be suspended only in respect of the part in dispute; and thereafter the
policy, or the part in dispute, as the case may be, so suspended shall, after reference to it
by the appropriate Minister, be affirmed, modified, or rejected by the President as he may
think fit and so direct.

(5) Appointments of members to the board of a corporation affected shall be made by
the appropriate Minister only after first satisfying the President in respect thereof that the
persons concerned are persons of integrity and of good standing in the community from
which they are to be drawn. In addition, the President must be satisfied that such persons
have the necessary ability, experience or specialised knowledge of the working of the
particular corporation in respect of which appointments as aforesaid are contemplated,
so as to discharge their functions of office in a manner satisfactory to the appropriate
Minister.

(6) Persons, when appointed pursuant to subsection (5) of this section, shall thereafter
be removable only on the grounds of misbehaviour, or inability from any cause to dis-
charge their functions as aforesaid.