Section 3: Establishment and constitution of the Nigerian Coal Corporation. 24 of 1957.

(1) So soon as may be after the commencement of this Act, there shall be established a Corporation to be known as the Nigerian Coal Corporation
(2) The Corporation shall consist of a Chairman to be appointed by the President and the following other members, that is to say
(a) seven persons appointed by the President being persons who by reason of any requisite ability, experience and specialised knowledge, have skills that will enable them to make effective contributions to the work of the Corporation:
Provided that one of the seven persons to be appointed shall come from one of the main areas of the Corporation's activities.
(b) the Director-General, Federal Ministry of Mines and Power, and in his absence the Federal Director of Geological Survey; and
(c) the General Manager of the Corporation.
(3) There shall be paid to members of the Corporation such salaries and allowances as may be determined by the National Council of Ministers or, in the case of any member appointed to the Corporation after the Ist May, 1957, by the Minister, and, on the retirement or death of any of them as to whom it may be so determined to make such provision,such pensions or gratuities to them or to others by reference to their service as may be so determined:
Provided that-
(a) no such salary or allowances, except such allowances as may be expressly authorised by the National Council of Ministers, shall be paid to any person who holds an office of profit under the State otherwise than as a member of the Corporation or as a member of a body corporate incorporated directly by a law enacted by any legislature in Nigeria
(b) no such pension or gratuity shall be paid to, or by reference to the service of, any person to whom or by reference to whose service, a pension or gratuity is payable by the Government.
(4) The Corporation shall be a body corporate with perpetual succession and a common seal, and shall have power to sue and be sued in the corporate name and to acquire and hold, and, subject to the provisions of subsection (4) of section 12 of this Act, dispose of lands for the purposes of the functions of the Corporation.
(5)
The supplementary provisions contained in the First Schedule to this Act shall have effect in relation to the Corporation.
[First Schedule.]