NEW TOWN DEVELOPMENT AUTHORITY LAW OF LAGOS STATE

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LIST OF LAWS OF LAGOS, [ALPHABETICAL]  

NEW TOWN DEVELOPMENT AUTHORITY LAW

ARRANGEMENT OF SECTIONS

1.       Establishment of the Authority

2.       Composition of the Authority

3.       Appointment of members of the Authority

4.       Tenure of office

5.       Remuneration of members

6.       Functions of the Authority

7.       Proceedings

8.       Quorum

9.       Voting

10.     Power of Commissioner to make regulations

11.     Authority to furnish information

12.     Borrowing powers

13.     Officers of the Authority

14.     Remuneration of officers

15.     Accounts and Audits

16.     Annual report

17.     Seal of the Authority

18.     Interpretation

19.     Citation

NEW TOWN DEVELOPMENT AUTHORITY LAW

A LAW TO PROVIDE FOR THE ESTABLISHMENT OF THE NEW TOWNS DEVELOPMENT AUTHORITY

[Commencement]                                        [1st March, 1983]

1.      Establishment of the Authority

(1)     There is established an Authority to be known as the Lagos State New Town Development Authority (referred to in this Law as “the Authority”).

(2)     The Authority will be a body corporate with perpetual succession and a common seal.

(3)     The Authority will in its corporate name be capable of suing and be sued.

(4)     The Authority will be capable of purchasing, acquiring, holding and disposing of any property, movable or immovable for the purpose of carrying out its functions under this Law.

2.      Composition of the Authority

The Authority will be composed of,-

(a)     a Chairman; and

(b)     six (6) other persons.

3.      Appointment of members of the Authority

The Chairman and other members of the Authority shall be appointed by the Governor.

4.      Tenure of office

The Chairman and other members of the Authority will hold office for a period of three (3) years and may be re-appointed for a further term of three (3) years.

5.      Remuneration of members

The Chairman and other members of the Authority will be paid such remuneration as the Governor may determine.

6.      Functions of the Authority

(1)     The functions of the Authority will be to-

(a)     develop, hold, manage, sell, lease or let to persons or companies, landed properties, dwelling houses, offices, commercial houses and industrial buildings within its control in the State;

(b)     encourage and facilitate the building of houses within the State;

(c)     conclude agreements on behalf of Authority with any person for the construction, or repair of dwelling houses or industrial buildings, public buildings, commercial buildings, roads, sewage, water supply, electricity, recreation centres and other structures;

(d)     accept or acquire and hold any security of any kind in any form whatsoever;

(e)     oversee and supervise the day to day progress of approved development schemes;

(f)      write off bad debts with the approval of the Governor.

(2)     The Authority will have power for the purpose of carrying out its functions to do all such acts as appear to it to be requisite, advantageous and convenient for carrying out its functions under this Law.

7.      Proceeding

The Authority will have power to regulate its own proceedings.

8.      Quorum

The quorum for a meeting of the Authority will be three (3) members of the Authority.

9.      Voting

(1)     A member of the Authority will be entitled to one vote and a decision of the meeting may be taken by a majority of members present at the meeting.

(2)     The Chairman or other member of the Authority presiding at a meeting will have a deliberative vote and where there is equality of votes cast at the meeting in its place the chairman or the member of the Authority presiding will also have a casting vote.

10.    Power of Commissioner to make regulations

The Commissioner may make regulations for any matter for which the provisions appear to be necessary for the purpose of giving effect to the provisions of this Law, and in particular without prejudice to the generality of the foregoing, for all or any of the following matters-

(a)     directing that the Authority must act in accordance with a general programme of policy or development settled from time to time;

(b)     directing that the Authority must discontinue, enlarge or modiff any of its activities.

11. `Authority to furnish information

The Authority must furnish the Governor with such information and returns relating to the activities of the Authority or of other bodies by whom activities are carried on with the assistance of or in association with the Authority as the Governor may require and must afford the Governor facilities for the verification of information furnished by it in such manner and at such times as the Governor may require.

12.    Borrowing powers

(1)     The Authority may, with the approval of the Governor, borrow, whether by way of mortgage or otherwise such sums of money for and in connection with the exercise of its functions under the law as the Authority may deem necessary.

(2)     An approval given for the purpose of this section may be either general or limited to a particular borrowing and may be subject to conditions.

13.    Officers of the Authority

(1)     There will be an officer of the Authority to be known as the Director of Projects who will be the Chief Executive Officer and will be responsible for the implementation of the decisions of the Authority.

(2)     There will be a Secretary to the Authority who will be responsible to the Director of Projects in the performance of functions.

14.    Remuneration of officers

The Authority will determine the remuneration to be paid to its officers and may require any officer to give such security as it deems proper for the due execution of the officers duties.

15.    Accounts and Audits

(1)     The Authority must keep accounts of its transactions in such form as the Governor may direct being a form which must conform to the best commercial standards.

(2)     The accounts of the Authority must be audited annually by auditors from a list of Auditors approved by the Auditor-General of the State under section 26(8) of the Law.

[No.7 of 2011 L.L.S.N.]

16.    Annual reports

The Authority must submit an annual report of its activities through the Commissioner to the Governor.

17.    Seal of the Authority

The Seal of Authority must be authenticated by the signature of the Chairman and if absent any other member so acting in that behalf and the Secretary to the Authority or a person acting in that behalf.

18.    Interpretation

In this Law unless the context otherwise requires, the following expressions shall have the meanings hereby assigned to them, that is to say—

“Commissioner” means the Commissioner in charge of lands matters;

“functions” means power and duties;

“Governor” means the Governor of Lagos State of Nigeria.

19.    Citation

This law will be cited as the New Town Development Authority Law.

LAWS OF LAGOS STATE

LAWS OF THE FEDERAL REPUBLIC OF NIGERIA