NATIONAL INSURANCE CORPORATION OF NIGERIA ACT
Section 6: General directions
(1) The Minister may give to the Board directives of a general or of a special nature with regard to the exercise of the functions of the Corporation; and as the case may require, it shall be the duty of the chairman, the Board and the managing director to comply with the directives, unless matters of policy are in dispute and subsection (2) of this section applies.
(2)
In the application of subsection (1) of this section, where the Minister intends to initiate a policy affecting the exercise of the functions of the Corporation, he shall consult with the chairman, and in the event of disagreement between the Minister and the chairman over the implementation of that policy, the policy and any directive issued in that respect, shall stand suspended, so however that if any part of the policy so in dispute is severable from any other aspects of the policy not in dispute, the policy or the directive issued shall be suspended only in respect of the part in dispute; and thereafter the policy, or the part in dispute so suspended shall, upon its being referred by the Minister to the President, be affirmed, modified, or rejected by the President, and the President may give such directions thereon as he thinks fit.
Cite this section
Section 6, NATIONAL INSURANCE CORPORATION OF NIGERIA ACT (1969).
https://repo.podus.ai/laws/national-insurance-corporation-of-nigeria-act/section/6/