COMMODITY BOARDS ACT

Section 6: Powers of each Board.

1977Section 6 of 27Federal Republic of Nigeria

(1) Without prejudice to the generality of section 5 of this Act but subject to the other provisions of this Act, each Board shall have power-
(a) to hold and manage, whether by way of investment or otherwise, and alienate movable and immovable property;
(b) to purchase or otherwise take over all or any of the assets, business, properties, privileges, contracts, rights, obligations and liabilities of any company, firm or person in furtherance of any business engaged in by the Board;
(c) to enter into contracts or partnerships with any company, firm or person which in the opinion of the Board will facilitate the discharge of its functions under or pursuant to this Act;
(d) to train managerial and other staff for the purpose of the running of its operations;
(e) to support and stabilise the price of the relevant commodity;
(f) to appoint licensed buying agents, ginning and other agents;
(g) to fix and control the allowances to be paid to licensed agents for the relevant commodity;
(h) to grant, renew and withhold licences to licensed agents, to impose conditions upon the granting or renewal of such licences and to cancel or suspend them for good cause;
(i)
to prescribe by public notice specific periods during which the buying of the relevant commodity for export or for mechanised processing shall be prohibited, restricted or allowed;
(j) to do all things necessary for and in connection with the purchase, sale, cleaning, packing and transport of the relevant commodity;
(k) to engage in the processing of the relevant commodity and, where necessary, the purchase and subsequent sale of processed and semi-processed products thereof for the domestic market and for the export of any surplus to such requirements;
(l) to establish buying centres in all major producing areas for the relevant commodity;
(m) to ensure quality control of the relevant commodity and, for that purpose, to advise the Minister charged with responsibility for external trade with regard to standards and grades of the relevant commodity which may be exported;
(n) to conduct research into the production, handling, marketing, pest control of the relevant commodity and any other matter relating to the relevant commodity and any products derived from or connected therewith; and
(o) to do any other thing as may be necessary or expedient for giving full effect to the provisions of this Act.
(2) In the performance of its functions under this Act, every Board shall comply with any other enactment affecting or governing the performance of those functions.

Cite this section

Section 6, COMMODITY BOARDS ACT (1977).

https://repo.podus.ai/laws/commodity-boards-act/section/6/