NATIONAL LOTTERY ACT

Section 36: Establishment and composition of the Board of Trustees for the Trust Fund.

2005Section 36 of 58Federal Republic of Nigeria

(1) There is established for the Trust Fund, a Board of Trustees to be known as the National Lottery Trust Fund Board of Trustees (in this Act referred to as "the Board of Trustees") which shall have overall control of the Trust Fund.
(2) The Board of Trustees shall consist of-
(a) a part-time chairman;
(b) the Permanent Secretary, Federal Ministry of Finance;
(c) the Permanent Secretary, Federal Ministry of Sports and Social Development;
(d) the Chairman and two members of the Board of Directors of the licensee;
(e) two major shareholders of the licensee; and
(f) six persons, one from each geopolitical zone, to represent public interest.
(3) The Chairman and members of the Board of Trustees shall-
(a) be appointed by the President; and
(b) serve on a part-time basis.
(4) The supplementary provisions set out in the Second Schedule to this Act shall have effect with respect to the proceedings of the Board of Trustees and the other matters mentioned therein.

Cite this section

Section 36, NATIONAL LOTTERY ACT (2005).

https://repo.podus.ai/laws/national-lottery-act/section/36/