Section 2: Composition of the Commission.

(1) The Commission shall consist of the following members-
(a) a Chairman who shall-
(i) be the chief executive and accounting officer of the Commission;
(ii) be a serving or retired member of any government security or law enforcement agency not below the rank of Assistant- Commissioner of Police or equivalent; and
(iii) possess not less than 15 years cognate experience;
(b) the Governor of the Central Bank of Nigeria or his representative; and
(c) a representative each of the following Federal Ministries-
(i) Foreign Affairs;
(ii) Finance;
(iii) Justice;
(d) the Chairman, National Drug Law Enforcement Agency or his representative;
(e) the Director-General of-
(i) the National Intelligence Agency or his representative,
(ii) the Department of State Security Services or his representative,
(f) the Registrar-General of the Corporate Affairs Commission or his representative;
(g) the Director-General, Securities and Exchange Commission or his representative;
(h) the Managing Director, Nigeria Deposit Insurance Corporation or his representative;
(i) the Commissioner for Insurance or his representative;
(j) the Postmaster-General of the Nigeria Postal Service or his representative;
(k) the Chairman, Nigerian Communications Commission or his representative;
(l) the Comptroller-General, Nigeria Customs Service or his representative;
(m) the Comptroller-General, Nigeria Immigration Service or his representative;
(n) the Inspector-General of Police or his representative;
(o) four eminent Nigerians with cognate experience in any of the following, that is, finance, banking, law or accounting; and
(p) the Secretary to the Commission who shall be the head of administration.
(2) The members of the Commission, other than the Chairman and the Secretary, shall be part-time members.
(3) The Chairman and members of the Commission other than ex officio members shall be appointed by the President and the appointment shall be subject to confirmation of the Senate.