Section 4: Council of the Institute

(1) There shall be, as the governing body of the Institute, a Council which shall be charged with the administration and general management of the Institute.
(2) The Council shall consist of-
(a) a chairman who is the President of the Institute;
(b) a vice-chairman;
(c) the chairman of the Federal Board of lnland Revenue or his representative, not below the rank of a Director;
(d) two representatives of the Joint Tax Board;
(e) fifteen persons elected by the Institute;
(f) the three immediate past Presidents of the Institute, including the former Institute
for a maximum of a three-years term after which a past President automatically retires;
(g) a representative each of the following Ministries, that is-
(i) Finance and Economic Development; and
(ii) Education; and
(h) two persons to represent institutions of higher learning in Nigerian offering courses leading to an approved qualification, to be appointed by the Minister in rotation, so however that the two shall not come from the same institution.
(3) The provisions of 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.