Section 18: Establishment of Investigating Panel and Disciplinary Tribunal.

(1) There is established the Chartered Risk Management Institute of Nigeria Investigating Panel (in this Act referred to as "the Panel"), which shall -
(a) conduct a preliminary investigation into any case where it is alleged that a member of the profession or Institute commit an act of misconduct himself in his capacity as such a member, or may for any other reason be the subject of proceedings before the Tribunal;
(b) decide whether the case should be referred to the Tribunal; and
(c) submit a report on any action taken in the past to the Tribunal.
(2) The Panel shall consist of two members of the Council and two members of the Institute who are not members of the Council.
(3) There is also established the Chartered Risk Management Institute of Nigeria Disciplinary Tribunal (in this Act referred to as "the Tribunal"), which shall consider and determine any case referred to it by the Panel established under subsection (1), and any other case of which the Tribunal has taken cognisance of in this Act.
(4) The Tribunal shall consist of the First Vice-President of the Council and six other members of the Institute appointed by the Council or if the First Vice-President is the person in breach of the alleged offence, the Second Vice President shall act in that capacity.
(5) The provisions of the Third Schedule to this Act shall, so far as applicable to the Tribunal and Panel respectively, have effect with respect to those bodies. [Third Schedule]
(6) The Council may make rules that are consistent with this Act as to acts which constitute professional misconduct.