Section 31: Conflicts of interest.

(1) A member of the Council, staff or employee of the Council, who has interest in any matter before the Council nor consideration shall disclose in writing the nature of such interest.
(2) The member, staff or employee referred to in subsection (1), shall be disqualified from participating in any deliberation in respect of the matter.
(3) The disclosure of interest made under subsection (1) shall be recorded in the minutes of the meeting.
(4) A person, who contravenes subsection (1) commits an offence and is liable on conviction to-
(a) a fine not more than N1,000,000 or to imprisonment for a term not more than one year; and
(b) forfeit any benefit derived from the non-disclosure.
(5) No member, staff or employee of the Council shall transact any business or trade with the Council.