DEFENCE INDUSTRIES CORPORATION OF NIGERIA ACT, 2023

Section 43: Conflict of interest.

2023Section 43 of 49Federal Republic of Nigeria

(1) Members of the Board, Director-General and other staff of the Corporation shall take oaths in relation to secrecy and other matters as the Minister may direct.
(2) An employee of the Corporation or a member of the Board shall-
(a) disclose to the Board any direct or indirect interest that such employee or Board member, or his or her spouse, partner or family member may have in any matter relating to the acquisition or procurement activities of the Corporation; and
(b) withdraw from participation in the activity in question unless the Board decides that the interest is trivial or irrelevant.
(3) An employee of the Corporation or a member of the Board who has any interest in any company or concern with which the Corporation proposes to enter any contract or have any interest in such contract, shall disclose the fact and nature of such interest to the Corporation, and such disclosures shall be recorded.
(4) A member having the interest referred to in subsection (3) shall not take part in any deliberation or decision of the Corporation relating to such contract.

Cite this section

Section 43, DEFENCE INDUSTRIES CORPORATION OF NIGERIA ACT, 2023 (2023).

https://repo.podus.ai/laws/defence-industries-corporation-of-nigeria-act-2023/section/43/