Section 11 Petroleum Industry Act 2021
Section 11 Petroleum Industry Act 2021 is about Governing Board of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act.
(1) There is established a Governing Board (in this Act referred to as “the Board of the Commission”) which shall be responsible for the policy and general administration of the Commission.
(2) The Board of the Commission shall consist of-
(a) one non-executive chairman;
(b) two non-executive commissioners;
(c) the chief executive of the Commission (in this Act referred to as “the Commission Chief Executive”‘) ;
(d) two other executive commissioners who are responsible for finance and accounts and exploration and acreage management;
(e) one representative of the Authority nor below the rank of Director;
(f) one representative of the Ministry not below the rank of Director ; and
(g) one representative of the Ministry of Finance not below the rank of Director.
(3) Appointments to the Board of the Commission under subsection (2) shall be made by the President subject to confirmation by the Senate, except for the appointments of ex-officio members under subsection (2) (e), (l) and (g).
(4) A person appointed under subsection (2) (a) and (b) shall have at least 15 years post-qualification cognate experience in petroleum or other relevant sector of the economy and shall hold office for a period of five years
and may be re-appointed for a further term of five years, on such terms and conditions as may be specified in the letter of appointment.
(5) Subject to subsection ( 4) of this section and section I 8 (7) of this Act, a commissioner shalI hold office for five years and may be re-appointed for a further term of five years.
(6) A non-executive commissioner shall hold office on part-time basis.
(7) The Board of the Commission may authorise in writing any commissioner, committee of the Board of the Commission, the Commission Chief Executive or any other officer or employee of the Corn mission, to exercise
any power or carry out any duty or function of the Commission under this Act or regulation made under this Act.
(8) The proceedings of the Board of the Commission and other ancillary matters shall be as prescribed by regulation made under this Act.
