Section 8: Managing Director of the Agency

(1) There shall be for the Agency a Managing Director who shall be appointed by the
President on the recommendation of the Minister and on such terms and conditions as
may be specified in his letter of appointment or as may be determined, from time to time,
by the Government of the Federation.
(2) The Managing Director shall be-
(a) the chief executive and accounting officer of the Agency;
(b) responsible to the Board for the day-to-day administration of the Agency;
(c) appointed for a term of five years in the first instance and may be re-appointed for a further term of five years subject to satisfactory performance;
(d) a person who possesses relevant and adequate professional qualifications in a
senior management cadre and shall have been so qualified for a period of not
less than fifteen years.