Section 12: Appointment of Managing Directorand Executive Directors.

(1) There shall be for the Commission, a Managing Director, and two Executive Directors who shall be indigenes of oil producing areas starting with the member states of the Commission with the highest production quantum of oil and shall rotate amongst member States in order of production, and shall-
(a) have such qualification and experience as are appropriate for a person required to perform the functions of those offices under this Act;
(b) the Managing Director shall be the chief executive and accounting officer of the Commission;
(c) be appointed by the President, Commander-in Chief of the Armed Forces and confirmed by the Senate in consultation with the House of Representatives;
(d) hold office on such terms and conditions as to emolument, conditions of service as may be specified in his letter of appointment and subject to the provision of section 3 of this Act.
(2) The Managing Director shall, subject to the general direction of the Board, be responsible-
(a) for the day-to-day administration of the Commission;
(b) for keeping the books and proper records of the proceedings of the Board; and
(c)
for-
(i) the administration of the secretariat of the Board; and
(ii) the general direction and control of all other employees of the Commission.
(3) The Board shall have power to-
(a) employ either directly or on secondment from any civil or public service in the Federation or a State such number of employees as may, in the opinion of the Board, be required to assist the Board in the discharge of any of its functions under this Act; and
(b) pay to persons so employed such remuneration (including allowances) as the Board may determine.