Section 62: Establishment of the Independent Investment Committee.

(1) There is established the Independent Investment Committee (in this Act referred to as "the Investment Committee") which shall consist of-
(a) a representative of the
(i) Central Bank of Nigeria,
(ii) Nigeria Investment promotion Commission,
(iii) National Pension Commission;
(b) 3 representatives of the most represented employer's organizations;
(c) 3 representatives of the most represented employees' organization; and
(d) a representative of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture.
(2) The Investment Committee shall, subject to the Interpretation Act, make its standing orders and supplementary rules for its proceedings.
(3) The Investment Committee shall advise the Board on the investment of any money standing to the credit of the Fund under this Act.
(4) The Board shall not later than the 31st March in each year submit an annual report on its investment activities to the Investment Committee.
(5) The Investment Committee shall forward the report referred to in sub-section (4) of this section and its recommendation thereon to the National Labour Council and the Minister.