COMMODITY BOARDS ACT

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LAWS OF THE FEDERATION OF NIGERIA 

COMMODITY BOARDS ACT

ARRANGEMENT OF SECTIONS

PART I: Establishment of Commodity Boards

1. Establishment, etc., of Commodity Boards.
2. Membership of each Board.
3. General Manager and Secretary.
4. Staff generally.
5. General functions of each Board.
6. Powers of each Board.

PART II: Financial provisions

7. Funds of each Board.
8. Expenditure.
9. General power to borrow.
10. Central Bank’s power to finance marketing operations.
11. Accounts and audit.
12. Bad debts.

PART III: Price Fixing Authority, etc.

13. Application of this Part.
14. Price Fixing Authority.
15. Technical Committee on Producer Prices.
16. Functions of the Technical Committee.
17. Proceedings of the Technical Committee, etc.
18. Sub-committees.

PART IV: Miscellaneous and supplementary

19. Industrial processing.
20. False representation.
21. Appeals as to licenses.
22. Annual reports.
23. Dissolution of certain bodies and transfer of their assets and liabilities; repeals and savings.
24. Power to amend Second Schedule, etc.
25. Regulations.
26. Interpretation.
27. Short title.

SCHEDULE

FIRST SCHEDULE: Supplementary provisions relating to the Commodity Boards

SECOND SCHEDULE: Commodities to which this Act applies

THIRD SCHEDULE: Transitional provisions relating to the transfer of certain assets and staff, etc. of the dissolved bodies

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COMMODITY BOARDS ACT

An Act to dissolve the Nigerian Produce Marketing Company Limited and all the States Marketing Boards and in their place set up six new Commodity Boards to which certain staff and assets of the dissolved company and boards are to be transferred.

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[COMMENCEMENT]                     [1st April, 1977]

ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)