Section 4: Establishment of a monitoring office, etc.

(1) For the day-to-day operations of the Fund, there shall be established a monitoring office to be located at the Federal Ministry of Finance.
(2) The monitoring office shall be headed by a Fund General Manager who shall be appointed by the President, on the recommendation of the Minister.
(3) The Fund General Manager shall, subject to the control of the Committee, be responsible for the management of the Fund and perform such other functions as the Committee may, from time to time, assign to him.
(4) The Committee may appoint such other employees as it may deem necessary to assist the Fund General Manager in the performance of his functions under this Act.
(5) The Fund General Manager and the other employees of the monitoring office shall be persons of proven professional competence and be drawn from the Central Bank of Nigeria or other commercial and merchant banks.
(6) The Fund General Manager and other employees of the Fund shall be paid such remuneration, allowances and other benefits as the Fund may, with the approval of the Minister, determine.