Section 8: Composition of registration

The Registration Authority shall consist of—(a) a chairman who shall be appointed by the Minister being a person by reason of his ability, experience, or specialized knowledge of leasing, commercial, financial or economic matters, would in his opinion be capable of making outstanding contributions to the work of the authority;
(b) a representative of the Federal Ministry of Finance;
(c) a representative of the Central Bank of Nigeria;
(d) three representatives of the Equipment Leasing Association of Nigeria to be appointed by the Association;
(e) a representative of the Ministry of Justice;
(f) a representative of the business community to be appointed by the Nigerian Association of Chambers of Commerce, Industries, Mines and Agriculture; and
(g) a Registrar who shall, in addition to his other functions under this Act, be the Secretary to the Authority, convene and keep minutes of the proceedings at all meetings of the Authority and Committees thereof as the case may be.