CHARTERED INSTITUTE OF PURCHASING AND SUPPLY MANAGEMENT OF NIGERIA (ESTABLISHMENT) ACT

(1) There is established a body to be known as the Chartered Institute of Purchasing and Supply Management of Nigeria (in this Act referred to as "the Institute")which shall be a body Corporate under that name and be charged with the general duty of-
(a) determining and reviewing, from time to time, the academic standards, knowledge and skills that shall be attained by persons seeking to qualify as registered members of the Chartered Institute of Purchasing and Supply Management (in this Act referred to as "the Professional") ;
(b) ensuring that its members maintain a reputable and high standard of behaviour expected of any professional in purchasing, procurement, stores, materials, warehouse, logistics management or supply chain management in Nigeria and other parts of the world;
(c) providing for the training, education and examination of persons desiring to become professional procurers according to the provisions of this Act whether in Nigeria or abroad;
(d)
regulating the discipline and professional conduct of its members;
(e) promoting and projecting the welfare of its members both in Nigeria and abroad;
(f) arranging conferences, seminars, symposia and meeting for discussion or supplies and related matters, reading of papers and delivery of lectures, publishing copies of abridgement of papers, books, lectures, records and other memoranda instilling high standard of professional ability and knowledge by means of periodic issue of journals of the Institute and to organize post qualification courses for its members; and
(g) performing such functions as are incidental to the objects or as the Council may deem necessary for the attainment of all or any of these objects.
(2) The Institute shall have perpetual succession and a common seal which shall be kept in such custody as the Council may, from time to time, authorize.
(3) The Institute may sue and be sued in its corporate name and may, subject to the Land Use Act, hold, acquire and dispose of any property movable or immovable.
(4) The Institute shall, in accordance with the provisions of this Act, ensure the establishment and maintenance of a register of fellows, honorary fellows, chartered, graduate, associates and corporate members of the Institute and the publication of their lists from time to time.

(1) There is established for the Institute, a Governing Council (in this Act referred to as "the Council") which shall be charged with the responsibility for the administration and general management of the Institute.
(2) The Council shall consist of the following members, who are fellows and chartered members of the Institute-
(a) a President of the Institute, who shall be the Chairman;
(b) the two Vice-Presidents of the Institute;
(c) a representative each of the Federal Ministry of-
(i) Finance,
(ii) Commerce,
(iii) Education;
(d) two representatives of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA);
(e) a co-ordinator from each of the geo-political zones of the Federation;
(f) immediate past President of the Institute;
(g) a Registrar of the Institute, who shall also be the Secretary of the Council.
(3) The provisions set out in the First Schedule to this Act shall have effect with respect to the qualifications and tenure of office of members of the Council and other matters therein mentioned.

There shall be for the Institute a President, and two Vice-Presidents, who shall be chartered members or fellows of the Institute, to be elected by the chartered members at an annual general meeting and hold office each for a term of two years from the date of election and shall not be eligible for re-election after two terms of two years each.

(1) A person shall be qualified for election to the office of the President and Vice-President of the Institute if he-
(a) is a citizen of Nigeria;
(b) has attained the age of 40 years;
(c) has been educated up to at least University or Polytechnic level with a First Degree, Higher National Diploma or their equivalent.
(d) has paid all his dues for five consecutive years immediately preceding the year of election; and
(e) has not been adjudged to be a lunatic or declared to be of unsound mind or adjudged or declared bankrupt; and
(f) a fellow of the Institute.
(2) The President shall preside at the meetings of the Institute but in the event of death, resignation, incapacity or inability for any reason and the President can no longer perform the functions of his office, the first Vice-President shall act in his stead for the unexpired portion of the term of office.
(3) The President and the First Vice-President shall respectively be Chairman and Vice Chairman of the Council.
(4) If the President or Vice-President ceases to be a member of the Institute, he shall cease to hold any of the offices designated under this section.

(1) Subject to the provisions of this Act, a person or body admitted to the Institute shall possess adequate knowledge of purchasing and supply and be registered as a member of the Institute in the category of-
(a) Fellow;
(b) Honorary Fellow;
(c) Chartered Member;
(d) Graduate Member;
(e) Associate Member;
(f) Corporate Member ; and
(g) Student Member.
(2) A person or body accorded by the Council the status of a member shall be enrolled as-
(a) a Fellow, if he is a chartered member of high professional standing who-
(i) has served the Institute and had not less than 7 years experience in a senior purchasing and supply post in a private or public organization at the time of his application or enrolment, or
(ii) is not currently engaged in purchasing and supply but has been employed in senior management position in private or public organization for not less than 7 years;
(b) Chartered Member if-
(i) he has passed all the examinations prescribed by the Council, and has a minimum of three years continuous working experience in purchasing and supply in any private or public organization, or
(ii) he is a chartered member of a foreign purchasing and supply professional body recognized by the Council and his class of the membership is, in the opinion of the Council equivalent to that of membership of the Institute and he has a minimum of one year working experience in any private or public organization in Nigeria, and shall have passed a stipulated examination before enrolment,
(iii) he has updated his professional knowledge at least once in a year through the Institute's mandatory proficiency programme, or
(iv) he is eligible for election into any position in the Institute and has paid his fees for four consecutive years immediately preceding the year of election;
(c) Graduate Member, if he is in possession of requisite academic qualification and has passed all the examinations prescribed by the Council;
(d) Associate Member if he is in possession of requisite qualifications from other fields of study as may be determined from time to time by the Council and he shall not be eligible to vote or be voted for at elections of the Institute;
(e) Honorary Fellow if he is a person of distinction in the field of supply, law, stores, accounting, politics economy, management, engineering or any similar discipline, but he shall not be eligible to vote or be voted for at any election of the Institute;
(f) Corporate Member if it is an employer of labour and meets the criteria set by the Council for registration in that category; and
(g)
Student Member if he is pursuing a course in purchasing and supply in any institution approved by the Council but-
(i) he shall not be eligible to vote or be voted for at elections of the Institute, and
(ii) his name shall not appear in the membership register.
(3) For the purpose of subsection (2) (f) of this section, all corporate members shall cause their staff in purchasing and supply chain management functions to register with the Institute to foster their ethical standards and self regulation in the purchasing and supply profession.
(4) A person who desires to be admitted into the Institute shall make a formal application to the Registrar of the Institute on the appropriate form as shall, from time to time, be prescribed by the Council and shall state under what class of membership he seeks for admission.
(5) A person applying for membership shall, in addition to evidence of qualification, satisfy the Council that-
(a) he is of good character; and
(b) he has not been convicted by any court or tribunal in Nigeria or elsewhere of an offence involving fraud or dishonesty, or such other offence as, in the opinion of the Council, would render the applicant unfit to be a member of the Institute.
(6) The Registrar shall place before the Council all applications for admission stating in each case whether the applicant is qualified for registration in the class under which he seeks for admission and if not so qualified, whether he qualifies for admission under any other class.
(7) Where the Council is satisfied that the person is qualified for admission-
(i) under the class for which he applied, the Registrar shall, upon payment of the prescribed fees by the applicant, enrol the person in that class, and issue him a certificate of membership appropriate for that class, and
(ii) into another class other than for which he applied, the Registrar shall, upon the person's application amend his application to state the class under which he is qualified and the Registrar shall, after the amendment and upon payment of the prescribed fees by the applicant, register him and issue a certificate of membership appropriate for that class.
(8) Fellows and Chartered Members of the Institute shall be entitled to the use after their names the word "Fellow (or Honorary Fellow) of the Chartered Institute of Purchasing und Supply Management of Nigeria" respectively or the initials "FCIPSN" and "MCIPSN".
(9) At the completion of the Institute's final professional examination, an eligible student shall proceed for the National Youth Service in line with the relevant law establishing it.
(10) A holder of the final professional certificate of the Institute shall be entitled to employment in private and public service on the same rank applicable to members of other chartered professional bodies in Nigeria.
(11)
A holder of the final professional certificate of the institute shall, after 3 years of graduation, be eligible for a practicing certificate as a "Chartered Procurer" on satisfying the institute's requirement by attending two consecutive mandatory professional assessment course, at least once in a year and the certificate is subject to renewal every year, on a fees to be determined by the Council.

(1) There shall be established for the Institute a Fund which shall be managed and controlled by the Council.
(2) There shall be paid into the Fund established pursuant to subsection (1) of this section-
(a) all fees and other monies payable to the Institute;
(b) such monies as may be payable to the Institute whether in the course of the discharge of its functions or otherwise ; and
(c) such monies as may be held by the Nigerian Institute of Purchasing and Supply Management incorporated under the Companies and Allied Matters Act,1990 (in this Act referred to as "the Incorporated Institute") on its ceasing to exist as provided in this Act.
(3)
There shall be paid out of the Fund of the institute-
(a) all expenditure incurred by the Council in the discharge of its functions under this Act;
(b) the salaries and allowances of the Registrar and other employees of the Institute; and
(c) such reasonable travelling and subsistence allowances of members of the Council in respect of the time spent on official duties of the Council, as the Council may determine.
(4) Subject to guidelines issued by the Council from time to time, the Institute's funds and assets shall be invested in any bond, bill or other security issued or guaranteed by the Federal Government or the Central Bank of Nigeria.
(5) The Council may, from time to time, borrow money for the purposes of the Institute and may mortgage or charge the properties and assets of the Institute or any part thereof and may issue debenture and other securities whether outright or as securities for any debt, liability or obligation of the Institute and any interest or charge payable on monies so borrowed shall be paid out of the Fund of the Institute.
(6) The Council shall keep proper accounts on behalf of the Institute in respect of each year and proper records in relation to those accounts to be audited by an auditor and in accordance with the guidelines supplied by the Auditor-General of the Federation.
(7) The auditor, appointed for the purpose of this section, shall not be a member of the Council.
(8) The Council shall prepare and submit to the Minister of Commerce not later than twelve months after its establishment and once in each year thereafter, a report of the activities of the Council in the previous year and shall include in the report, a copy of the auditor's report.

(1) As from the commencement of this Act-
(a) all assets and liabilities held or incurred immediately before the commencement date, by or on behalf of the Incorporated Institute shall vest in the Institute and be held by it for the purpose of the Institute;
(b) the Incorporated Institute shall cease to exist; and
(c) subject to subsection (2) of this section, any act, matter or thing made or done by the Incorporated Institute shall be deemed to have been done by the Institute.
(2) The provisions of Second Schedule to this Act shall have effect with respect to the matters arising from their transfer by this section to the Institute of the properties of the Incorporated Institute and with respect to other matters mentioned in that Schedule.

(1) The Council shall-
(a) appoint a fit and proper person who shall be a member of the Institute to be the Registrar for the purpose of this Act; and
(b) appoint such other persons as the Council may, from time to time, deem necessary to assist the Registrar in the performance of his functions under this Act.
(2) A person shall be qualified to be appointed to the office of the Registrar of the institute if he-
(a)
is a citizen of Nigeria;
(b)
possesses a relevant qualification from a recognised institution of higher learning;
(c)
has at least 16 years cognate experience; and
(d)
possesses professional qualification of -
(i) Chartered Institute of Purchasing and Supply Management of Nigeria,
(ii) Chartered Institute of Purchasing and Supply London, or
(iii) National Association of Purchasing Supply Management (now called the Institute of Supply Management USA) and shall have held position of Deputy Registrar in any recognised institution.
(3) The Registrar shall prepare and maintain, in accordance with rules made by the Council, a register of names, addresses and approved qualifications and of such particulars, as may be specified in the rules, of all persons who are entitled, in accordance with the provisions of this Act, to be registered as members of the profession in the categories of fellows, chartered members, associate members or honorary members and who in the manner prescribed by such rules, apply to be so registered.
(4) The register shall consist of six parts one for each class of membership, namely-
(a)
Fellows;
(b)
Chartered Members;
(c)
Graduate Members;
(d)
Associate Members;
(e)
Corporate Members; and
(f)
Honorary Fellows.
(5) Subject to this section, the Council shall make rules with respect to necessary professional forms and keeping of the register and the making of entries of particulars therein-
(a) regulating the making of applications for enrolment or registration, as the case may be, and providing for the nature of evidence to be produced in support of applications;
(b) providing for the notification to the Registrar by the person to whom any registered particulars concern, of any change in those particulars;
(c) authorizing a registered member to have any qualification which is in relation to the relevant division of the profession, for the purpose of this Act;
(d) specifying the fees, including annual subscription, to be paid in the Institute; and
(e) specifying anything failing to be specified under this section.
(6) Any rule for the purpose of subsection (5) (d) of this section shall not come into force until they are confirmed at a special meeting of the Institute convened for the purpose or at the next annual general meeting, as the case may be.
(7) The Registrar shall-
(a) correct, in accordance with the directions of the Council, any entry in the register which the Council directs him to correct as being in the opinion of the Council an entry which was incorrectly made;
(b) make, from time to time, any necessary alteration to the registered particulars of registered persons;
(c) delete from the register the name of any registered member who died, or ceased to be a member or any member convicted of professional misconduct; and
(d) record the names of members of the Institute who are in default for more than six months in the payment of annual subscriptions and take such action in relation thereto as the Council may direct or require.
(8) If the Registrar-
(a) sends by post, e-mail, telephone or e-fax to any registered person, a registered letter endorsed to him at his address on the register inquiring whether the registered particulars relating to him are correct and receives no reply to the letter within a period of six months from the date of despatch; and
(b) upon the expiration of that period, sends in like manner to the person in question a second similar letter and receives no reply to that letter within three months from the date of despatch, the Registrar may remove the particulars relating to the person in question from the register, but the Council may, for a reason which seems to it to be sufficient, direct the Registrar to restore to the appropriate part of the register, any particular deleted therefrom under this subsection.

(1) The Registrar shall-
(a) cause the first edition of the register to be printed, published and put on sale to members of the public within one year from the date of commencement of this Act;
(b) cause the first and subsequent editions of the register to be distributed to the members of the Institute and members of the public on such terms as the Council may from time to time decide; and
(c) cause a print of each edition of the register and of each list of corrections to be deposited at the principal office of the Institute and the Registrar shall make the register and lists so deposited available at all reasonable times for inspection by members of the public.
(2) A document purporting to be a print of an edition of the register published under this section by authority of the Registrar, or edition of a register so published and of the list of corrections to that edition so published, shall (without prejudice to any other mode of proof) be documents read together to prove that a member of the Institute was so registered at the date of the edition or the list of corrections, as the case may be, and that any person not so named was not so registered.
(3) Where in accordance with subsection (2) of this section, a person is, in any proceeding, shown to have been, or not have been, registered at a particular date, he shall, unless the contrary is proved, be taken for the purposes of those proceedings having at all material times thereafter continued to be or not to be so registered.

(1) There shall be-
(a) a Deputy Registrar (Academics);
(b) a Deputy Registrar (Administration); and
(c) a Deputy Registrar (Planning, Research and Development).
(2) A person shall be qualified to be appointed to the office of the Deputy Registrar if he has made the criteria for the post of the Registrar except that the minimum years of experience required shall be 10 years.
(3) The duties of Deputy Registrar shall be assigned to him by the Council through the Registrar from time to time.

(1) Subject to section 5 of this Act, a person shall be entitled to be registered as a member of the profession if he satisfies the Council that-
(a) immediately before the commencement of this Act, he holds a qualification approved for members of the Institute and has the prescribed post qualification experience;
(b) he is by law entitled to practise for all purposes as a procurement practitioner in the country in which the qualification was granted; and
(c) he holds at least one of the qualifications prescribed for the purpose of registration on the register and has complied with the other requirements prescribed under this Act.
(2) A person shall be entitled to be registered under this Act if he holds such certificate as approved by the Council.
(3) A person shall be entitled to be accredited as a member of the Institute if he produces sufficient evidence to the Council that prior to the commencement of this Act he has been in active practice continuously for a period of five years as a purchasing and supply manager: provided that his application is sponsored by two members of the Institute who shall have been members for a minimum of five years and the application is made within period prescribed by this Act.
(4) An applicant for registration under this Act shall, in addition to evidence of qualification, satisfy the Council that he-
(a) is of good character
(b) has attained the age of 18 years; and
(c) has not been convicted by any court or tribunal in Nigeria or elsewhere for an offence involving fraud or dishonesty
(5) The Council may, in its discretion, provisionally accept a qualification produced in respect of an application for registration under this section or direct that the application be renewed within such period as may be specified.
(6) Any entry directed to be made in the register under subsection (3) of this section, shall show that the registration is provisional and no entry so made shall be converted to full registration without the consent of the Council signified in writing in that behalf.
(7) The Council shall, from time to time, publish, in the Federal Government Gazette, particulars of qualification for the time being accepted for registration under this Act.
(8) The purchasing and supply professionals from abroad who reside in Nigeria and wish to practise shall, within 12 months after the commencement of this Act, seek registration with the Institute to become members.
(9) A person shall not be entitled to be appointed or engaged to head any purchasing and supply chain management of any organization unless he is duly registered as a member of the Institute qualified by examination.

(1) The Council may approve any qualification for the purposes of this Act and may for that purpose approve-
(a) any course of training of any approved institution which is intended for persons who are seeking to become or are already purchasing and supply professionals and which the Council considers relevant to confer on persons completing it, sufficient knowledge and skill for admission to the Institute; and
(b) any qualification which, as a result of an examination taken in conjunction with a course of training approved by the Council under this section is granted to candidates reaching a specified standard at the examination indicating in the opinion of the members of the Council that the candidates have sufficient knowledge and skill to practise purchasing and supply management.
(2) The Council may, if it deems fit, withdraw any approval, given under this section in respect of any course, qualification or institution, but before withdrawing such an approval the Council shall-
(a) give notice that it proposes to do so to persons in Nigeria appearing to the Council to be persons by whom the course is conducted or the qualification is granted or the institution is controlled as the case may be ;
(b) afford such persons or institutions an opportunity to make to the Council, representations with regards to the proposal; and
(c) take into consideration any representation made in relation to the proposal in pursuance of paragraph (b) of this subsection.
(3) During a period in which the approval of the Council under this section for a course, qualification or institution is withdrawn, the course, qualification or institution shall be treated as having been withdrawn under this section, but the withdrawal of such an approval shall be without prejudice to the registration or eligibility for registration immediately before the approval was withdrawn.
(4) The giving or withdrawal of an approval under this section shall have effect from such date, as the execution of the instruction signifying the giving or withdrawal of the approval as the Council may specify in the instrument, and the Council shall-
(a) as soon as possible publish a copy of every such instrument so executed in the Federal Government Gazette; and
(b) not later than 14 days before its publication, send a copy of every such instrument so executed in the Federal Government Gazette to the Minister for Commerce.

(1) The Council shall keep itself informed of the nature of-
(a) the instrument given by an approved institution to persons attending approved course of training; and
(b) the examinations as a result of which approved qualifications are obtained, and for the purposes of performing that duty the Council may appoint, either from among its own members or otherwise, persons to visit approved institutions to observe such examination.
(2) The Institute shall have powers to accredit any institution of higher learning offering courses leading to the award of Degree, Higher National Diploma and Diploma in purchasing and supply in order to maintain standard.
(3) A person appointed under subsection (1) of this section shall report to the Council on the adequacy of-
(a) the instruction given to persons attending approved course of training at institutions visited by him;
(b) the examinations conducted in his presence ; and
(c) any other matter relating to the institutions or examinations which the Council may, either generally or in a particular case, request him to report, but no such person shall interfere with the giving of any instruction or the holding of any examination.
(4) On receiving such a report made under this section, the Council may, if it deems fit and if so required by the Institute, send a copy of the report to the person appearing to the Council to be in charge of the institution or responsible for the examination to which the report relates, requesting that person to make observations on the report to the Council within such period as may be specified in the request, not being less than one month beginning with the date of the request.

(1) There shall be a body to be known as the Chartered Institute of Purchasing and Supply Management Disciplinary Tribunal charged (in this Act referred to as "the Tribunal") charged with the duty of considering and determining any case referred to it by the Investigating Panel established under subsection (3) of this section, and any other case which the Tribunal takes cognizance under this Act.
(2) The Tribunal shall consist of a Chairman and six other members who shall be appointed by the Council from among members of the Institute who are not members of the Council.
(3) There shall be a body to be known as the Chartered Institute of Purchasing and Supply Management Investigating Panel (in this Act referred to "the Panel") charged with the duties of-
(a) conducting a preliminary investigation into any case where it is alleged that a member has committed an act of professional misconduct, or should for any other reason be the subject of proceedings before the Tribunal; and
(b) deciding whether the case shall be referred to the Tribunal after affording such a member an opportunity of being heard either personally or by a legal practitioner of his own choice in Nigeria.
(4) The Council shall appoint members of the Panel from members of the Institute who are not members of the Council or the Tribunal.
(5) A person shall not be appointed as a member of the Tribunal or of the Panel unless such a person is a chartered member or fellow of the Institute.
(6) The provisions of Third Schedule to this Act shall so far as they are applicable to the Tribunal and Panel, respectively have effect with respect to these bodies.
(7) The Council may, from time to time, make rules consistent with this Act as to acts, conducts or omissions which constitute professional misconduct.

(1) Where-
(a) a person enrolled or registered under this Act is adjudged by the Tribunal to be guilty of infamous conduct in any professional respect; or
(b) a person enrolled or registered under this Act is convicted by any court or tribunal in Nigeria or elsewhere having power to impose a term of imprisonment for an offence (whether or not punishable with imprisonment) which in the opinion of the Tribunal is incompatible with the status of a purchasing and supply management professional; or
(c) the Tribunal is satisfied that the name of any person has been fraudulently enrolled or registered, he shall be guilty of an offence and shall on conviction be liable to a term of imprisonment not exceeding five years
(2) The Tribunal may, if it deems fit-
(a) give a directive reprimanding that person or ordering the Registrar to strike his name off the relevant part of the register; or
(b) defer or further defer its decision as to the giving of such directive under this section until a subsequent meeting of the Tribunal but-
(i) no decision shall be deferred under this section for periods exceeding one year in the aggregate, and
(ii) no person shall be a member of the Tribunal for the purposes of reaching a decision which has been deferred or further deferred unless he was present as a member of the Tribunal when that decision was deferred.
(3) For the purpose of subsection (1) (b) of this section, a person shall not be treated as convicted unless the conviction stands at a time when no appeal or further appeal is pending or no application for extension of time to appeal is brought in connection with the conviction.
(4) When the Tribunal gives a directive under subsection (2) of this section, the Tribunal shall cause notice of the directive to be served on the person to whom it relates.
(5) The person to whom a directive given under subsection (2) of this section relates may, at any time within 21 days from the date of service on him of notice of the directives, appeal against the directives to the Federal High Court and the Tribunal may appear as respondent to the appeal and for the purpose of enabling directives to be given as to the costs of the appeal of proceedings before the Federal High Court, the Tribunal shall be deemed to be a party thereto whether or not it appears on the hearing of the appeal.
(6) A directive of the Tribunal under this section shall take effect where-
(a) no appeal under this section is brought against the directive within the time limited for the appeal;
(b) such an appeal is brought and is withdrawn or struck out for want of prosecution on the withdrawal or striking out of appeal;
(c) such appeal is brought and is not withdrawn or struck out, if and when the appeal is dismissed, and shall not take effect except in accordance with foregoing provisions of this subsection.
(7)
A person whose name is struck off the register in pursuance of a directive of the Tribunal under this section shall not be entitled to be registered again except in pursuance of a direction on that behalf given by the Federal High Court on the application of that person.
(8) A directive under this section for the striking off of a person's name from the register may prohibit an application under this subsection by that person until the expiration of such period from the date of the directive (and where he has recently made such an application from the date of his last application) as may be specified in the directive.

(1) If a person for the purpose of procuring the registration of any name, qualification or other matter-
(a) makes a statement which he believes to be false in a material particular; or
(b) recklessly makes a statement which is false in a material particular, is guilty of an offence.
(2) If, on or after the commencement date of this Act, a person who is not a member of the Institute practises or holds himself out as a member in expectation of a reward or takes or uses any name, title, addition or description implying that he is a member, he is guilty of an offence.
(3) If the Registrar or any other person employed by or on behalf of the Institute wilfully makes any falsification in any matter relating to the register, he is guilty of an offence.
(4) A person guilty of an offence under this section is liable-
(a) on summary conviction to a fine not exceeding N50,000.00
(b) on conviction or indictment to a fine not exceeding N20,000.00 or to imprisonment for a term not exceeding two years, or both such fines and imprisonment.
(5) Where an offence under this section which has been committed by a body corporate is proved to have been committed with the consent or connivance of or attributable to any neglect on the part of any director, manager, secretary or other similar officer of the corporate body or any person purporting to act in such capacity, he, as well as the body corporate shall be deemed to have committed the offence and shall be liable to be prosecuted and punished accordingly.

(1) Any regulation made under this Act shall be published in the Federal Government Gazette as soon as they are made, and a copy of the regulations shall be forwarded to the Minister for Commerce not less than seven days before they are published.
(2) The rules proposed for the purposes of this Act shall be subject to confirmation by the Institute at its next general meeting or at any special meeting of the Institute convened for that purpose, and if then annulled shall cease to have effect on the day after the date of annulment, but without prejudice to anything done in pursuance or intended pursuance of any such rule.

(1) The Council may make rules-
(a) for the training of registered members of the profession or suitable persons in purchasing and supply chain management methods; and
(b) for the supervision, regulation, engagement and training of such persons;
(c) prescribing the amount and date for payment of the annual subscriptions, and for such purpose, different amounts may be prescribed by the rules according to whether the member of the Institute is a fellow member, chartered member, graduate member, associate member, corporate member or honorary fellow member;
(d) prescribing the form of licence to practise to be issued annually or if the Council deems fit, by endorsement on an existing licence;
(e) restricting the right to practise as a chartered member of the profession in default of payment of the amount of the annual subscriptions where the default continues for longer than such period as may be prescribed by the rules;
(f) restricting the right to practise as a member of the profession if the qualification granted outside Nigeria does not entitle the holder in practice to be completed before a person qualifies for a licence to practise as a member of the profession; and
(g) prescribing the period of practical training in the office of a chartered member of the profession in a practice to be completed before a person qualifies for a licence to practise as a member of the profession.
(2) The rules, when made, shall be published in the Federal Government Gazette.

(1) The Institute shall-
(a) provide and maintain a library comprising books and publications for the advancement of knowledge of purchasing and supply management and such other books and publications as the Council may think necessary for the purpose; and
(b) encourage research into purchasing and supply management, purchasing and supply management methods and such allied subjects to the extent that the Council may, from time to time, consider necessary.

In this Act- "Council" means the Council established as the governing body of the Institute
under Section 2 (1) of this Act ;
"Corporate member" means an employer of labour that qualifies under section 5 (1) (f) of this Act;
"Enrolled" means in relation to a fellow or a chartered member as the case may be;
"Fees" includes annual subscriptions;
"Institute" means The Chartered Institute of Purchasing and Supply Management of Nigeria established under section 1 (1) of this Act;
"Investigating Panel" means the Chartered Institute of Purchasing and Supply Investigating Panel established under section 14 (3) of this Act;
"Member" means a chartered member of the Institute registered in any of the six classes of membership;
"President" means the overall head of the Council of the Institute;
"purchasing and supply professional" means any qualified member who is into practice or employed by any organisation, ministry, corporation and engaged in purchasing, supply, procurement, stores, logistics, materials or warehouse management;
"supply chain management" denotes the general coordination of activities that involves procurement, purchasing, stores, warehousing, logistics, materials and supply management; and
"Tribunal" means the Chartered Institute of Purchasing and Supply Disciplinary Tribunal established under section 14 (1) of this Act.

This Act may be cited as the Chartered Institute of Purchasing and Supply Management of Nigeria (Establishment) Act, 2007.