LAGOS INTERNATIONAL TRADE FAIR COMPLEX MANAGEMENT BOARD ACT

CHAPTERL 2

LAGOS INTERNATIONAL TRADE FAIR COMPLEX
MANAGEMENT BOARD ACT

ARRANGEMENT OF SECTIONS

Establishment of the Lagos International Trade Fair Complex
Management Board, etc.

SECTION
1. Vesting and validation of title to land.
2. Establishment of the Lagos International Trade Fair Complex Management Board.
3. Membership of the Board.
4. Functions of the Board.
5. Tenure of office of members of the Board.
6. Removal from office of members of the Board.
7. Executive director of the Board.
8. Power to delegate to executive director.
9. Staff of the Board.
10. Application of pensions.
11. Fund of the Board.
12. Expenditure of the Board.
13. Powers of the Board to enter into contracts to hold property and to invest.
14. Power to borrow.
15. Power to accept gifts.
16. Power to make staff regulations.
17. Annual estimates, accounts and audit.
18. Annual reports.
19. Indemnity of employees of the Board.
20. Power ofthe Secretary to give directives, etc.
21. Interpretati on.
22. Short title.

SCHEDULES

FiRST SCHEDULE

Delineation of land vested in Federal Government

SECOND SCHEDULE

Proceedings of the Board

CHAPTERL2
LAGOS INTERNATIONAL TRADE FAIR COMPLEX
MANAGEMENT BOARD ACT

An Act to establish the Lagos International Trade Fair Complex Management
Board with responsibility, among other things, to manage, maintain and develop
the Complex.

[1993 No. 64.]

[7th November, 1977]

[Commencement.]

Establishment of the Lagos International Trade Fair Complex
Management Board, etc.

1. Vesting and validation of title to land

(I) The title to all that parcel ofland, buildings, monuments and structures situated in
Lagos State and known as the Lagos International Trade Fair Complex, more clearly described in the First Schedule to this Act, is by virtue of this Act and without further assurance, vested in the Federal Government of Nigeria.

[First Schedule.]

(2) The title to the land so vested by subsection (I) of this section is hereby validated.

2. Establishment of the Lagos International Trade Fair Complex Management
Board

(l) There is hereby established a body to be known as the Lagos International Trade
Fair Complex Management Board (in this Act referred to as “the Board”) which shall
have the functions conferred on it pursuant to this Act.

(2) The Board shall be a body corporate with perpetual succession and a common
seal and may sue or be sued in its corporate name.

3. Membership of the Board

(I) The Board shall consist of a chairman and representative each of the following,
that is-
(a) the Federal Ministry of Commerce;
(b) the Nigerian Institute of Estate Surveyors and Valuers;
(c) the Nigerian Export Promotion Council;
(d) the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture;
(e) the Manufacturers Association of Nigeria; and
(j) the executive director of the Lagos International Trade Fair Complex.

(2) The chairman of the Board shall be appointed by the President, on the recommendation of the Minister and shall be a person of proven integrity coupled with experience in matters relating to commerce and tourism.
(3) The provisions of the Second Schedule to this Act shall have effect with respect
to the proceedings of the Board and the matters contained therein۔

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