Section 53: Establishment of Advertising Standards Panel.

(1) There is established by the Council, a panel to be known as the Advertising Standards Panel (in this Act referred to as “the Standards Panel”) which is charged with the responsibility of ensuring that advertising and all advertisements conform with the prevailing laws of the Federation and the code of ethics of the advertising profession.
(2) The Standards Panel shall consist of not more than two members of the Governing Council and-
(a) one representative each of the under listed associations—
(i) the Association of Advertising Agencies of Nigeria(AAAN),
(ii) Advertisers Association of Nigeria (ADVAN),
(iii) the Broadcasting Organisation of Nigeria (BON),
(iv) the Newspaper Proprietors’ Association of Nigeria (NPAN),
(v) the Outdoor Advertising Association of Nigeria (OAAN),
(vi) Media Independent Practitioner Association of Nigeria (MIPAN), and
(vii) Experiential Marketers Association of Nigeria (EXMAN) ; and
(b) one representative each of —
(i) the Federal Competition and Consumer Protections Commission
(FCCPC),
(ii) the Central Bank of Nigeria,
(iii) Securities and Exchange Commission (SEC),
(iv) National Insurance Commission (NAICOM),
(v) Nigerian Communication Commission (NCC),
(vi) National Agency for Food and Drug Administration and Control
(NAFDAC),
(vii) National Broadcasting Commission (NBC),
(viii) National Council of Women Societies (NCWS),
(ix) Nigeria Lottery Commission,
(x) Nigeria Press Council, and
(xi) any other agency of government or sectorial group with responsibility
for advertising.
(3) The Council shall appoint a Chairman for the Standards Panel.
(4) A member of the Standards Panel other than a member of the Council shall hold office on such terms and conditions as may be contained in his letter of appointment.
(5) A decision of the Standards Panel shall have effect except when nullified by the Council on appeal.