Section 5: Establishment of the Governing Council.

(1) There is established for the Institute a Governing Council (in this Act referred to as "the Council") charged with responsibility for the administration and general management of the Institute.
(2) The Council consists of -
(a) the President of the Institute as Chairman;
(b) the Deputy President of the Institute as Vice-Chairman;
(c) the National Treasurer;
(d) one person each, representing the —
(i) Federal Ministry of Education;
(ii) Federal Ministry of Employment, Labour and Productivity; and
(iii) Federal Ministry of Finance;
(e) six zonal chairmen elected every two years from the six geopolitical zones;
(f) 12 members of the Institute elected at the AGM;
(g) seven corporate members nominated by the Council;
(h) three educational and training Institutions nominated by the Council;
(i) Chairman, Board of Fellows; and
(j) the immediate past President of the Institute and Chairman of the Council.
(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 mentioned in the First Schedule. [First Schedule]