Section 7: Powers of the Council.

The Council shall have power-(a) to open and operate ordinary and domiciliary accounts for the Agency in recognised banking institutions in Nigeria;
(b) subject to section 8 of this Act, to specify the management system of the Agency, including financial approval ceilings for officers of the agency;
(c) to enter into agreement with public or private organisations and individuals to develop, utilise, co-ordinate and share such information as is determined to be appropriate by the Council for the performance of its functions under this Act ; and
(d) to do such other things as are necessary for the successful performance of its functions under this Act.