PETROLEUM EQUALISATION FUND (MANAGEMENT BOARD, ETC.) ACT

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LAWS OF THE FEDERATION OF NIGERIA

PETROLEUM EQUALISATION FUND (MANAGEMENT BOARD, ETC.) ACT

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ARRANGEMENT OF SECTIONS

1. Establishment of the Fund.
2. Utilisation of the Fund.
3. Establishment, etc., of Petroleum Equalisation Fund Management Board.
4. Secretary.
5. Calculation of surplus revenue recoverable.
6. Prescribed dates for payments and penalty for non-payment.
7. Accounts and audit.
8. Proceedings to recover unpaid net surplus revenue.
9. Certificate as evidence.
10. Returns.
11. Offences and penalties.
12. Regulations.
13. Interpretation.
14. Short title.

SCHEDULE

Composition, etc., of the Petroleum Equalisation Fund Management Board

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PETROLEUM EQUALIZATION FUND (MANAGEMENT BOARD, ETC.) ACT

An Act to establish the Petroleum Equalisation Fund which is to be applied for the reimbursement of petroleum marketing companies for any losses suffered by them arising from the sale of petroleum products at uniform prices throughout Nigeria and a Management Board to manage the affairs of the Fund.

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[Commencement.] [15th October, 1975]       

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