NIGERIAN COAL CORPORATION ACT

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LAWS OF THE FEDERATION OF NIGERIA

NIGERIAN COAL CORPORATION ACT

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ARRANGEMENT OF SECTIONS

Preliminary provisions

1. Short title.
2. Interpretation.

The Nigerian Coal Corporation

3. Establishment and constitution of the Nigerian Coal Corporation.
4. General functions of the Corporation.
5. Appointment of general manager and delegation of functions.
6. Powers of the Minister in relation to the Corporation.

Transfer of assets, etc., to the Corporation

7. Transfer of assets.
8. Compensation for transferred assets.
9. Transfer of certain liabilities.
10. Transfer of rights and liabilities under contracts of Government colliery undertakings.
11. Pending proceedings and causes of action.
12. Acquisition of land.

Prospecting and mining by the Corporation

13. Certain provisions of the Minerals and Mining Act not to apply to the Corporation.
14. Restriction on issue or grant of rights, licences and leases under the Minerals and Mining Act in relation to coal.
15. Prospecting and mining by the Corporation under licence from the President.
16. Prospecting.
17. Prospecting right, etc., under the Minerals and Mining Act.
18. Lands excluded from prospecting and mining.
19. Underground wayleaves.
20. Compensation for disturbance of surface rights.
21. Determination of amount of compensation.

Financial provisions

22. Application of revenue and grant reserve fund.
23. Power to issue debenture stock for certain purposes.
24. Power to borrow money.
25. Investment of funds.

Accounts and reports

26. Accounts and audit.
27. Annual report and periodical returns.

Provisions relating to staff

28. Employment of servants and agents.
29. Corporation empowered to establish pension schemes.
30. Corporation empowered to exercise functions through servants and agents.
31. Transitory provisions relating to government officers,

Miscellaneous provisions

32. Provisions relating to taxes, etc.
33. Power to vary the First Schedule.

SCHEDULES

FIRST SCHEDULE – Supplementary provisions as to the Corporation

SECOND SCHEDULE – Assets to be transferred to the Corporation

THIRD SCHEDULE – Transfer to the Corporation of rights and liabilities under contracts

FOURTH SCHEDULE – Provisions of the Minerals and Mining Act and regulations made thereunder which are not to apply to the Corporation

NIGERIAN COAL CORPORATION ACT

An Act to provide for the establishment of a corporation to be known as the Nigerian Coal Corporation, for the transfer to the Corporation of all colliery undertakings of the Government, and for purposes connected with the matters afore said.

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[Commencement.] [27^th October, 1950]   

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