NATIONAL INSTITUTE OF MARKETING OF NIGERIA ACT

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LAWS OF THE FEDERATION OF NIGERIA

NATIONAL INSTITUTE OF MARKETING OF NIGERIA ACT

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EXPLANATORY MEMORANDUM

An Act to establish the National Institute of Marketing of Nigeria to regulate and control the practice of the Marketing Profession; and for matters connected therewith.

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ARRANGEMENTS OF SECTIONS – PART I

Establishment, etc., of the National Institute of Marketing of Nigeria

1. Establishment of the National Institute of Marketing of Nigeria.
2. Members of the Institute.
3. Election of President and Vice-President of the Institute.
4. Council of the Institute.
5. Power of the Council.

PART II  – Financial Provisions

6. Funds of the Institute.
7. Accounts, etc.

PART III – The Registrar and the Register

8. Appointment of Registrar, etc., and preparation of the Register.
9. Publication of Register and list of corrections.

PART IV – Registration

10. Registration of marketers.
11. Approval of qualifications.
12. Supervision of instructions and examinations leading to approved qualifications.

PART V – Professional Discipline

13. Establishment of Disciplinary Tribunal and Investigating Panel.
14. Penalties for unprofessional conducts, etc.

PART VI – Miscellaneous and General

15. Application of the Act to un-enrolled persons.
16. When persons are deemed to practise as marketers.
17. Rules as to practices, fees, etc.
18. Confirmation of rules by the Institute, etc.
19. Provisions of library facilities, etc.
20. Offences and penalties.
21. The Body of Fellows of the Institute.
22. Powers of the Minister to give directives to the Council.
23. Regulations.
24. Dissolution of the Nigerian Marketing Association and transfer of certain assets and liabilities.
25. Interpretation.
26. Short title.

SCHEDULES

First Schedule – Supplementary Provisions relating to the Council

Second Schedule – Supplementary Provisions relating to the Disciplinary Tribunal and Investigating Panel

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NATIONAL INSTITUTE OF MARKETING OF NIGERIA ACT

An Act to establish the National Institute of Marketing of Nigeria to regulate and control the practice of the Marketing Profession; and for matters connected therewith.

[2003 No. 25.]

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[Commencement.] [22nd July, 2003]                                                                   

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PART I – Establishment, etc., of the National Institute of Marketing of Nigeria

1. Establishment of the National Institute of Marketing of Nigeria

(1)     There is established a body to be known as the National Institute of Marketing of Nigeria (in this Act referred to as “the Institute”) which—

(a)     shall be a body corporate with—

(i)      perpetual succession;

(ii)     a common seal which shall be kept in such custody as the Council may direct;

(b)     may sue and be sued in its corporate name; and

(c)     may, subject to the Land Use Act, hold, acquire and dispose of any property movable or immovable.

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