Section 3: Establishment of the Nigerian Maritime Administration and Safety Agency

(1) There is established the Nigerian Maritime Administration and Safety Agency.
(2) The Agency shall be a body corporate with perpetual succession and a common seal, capable of suing and being sued in its corporate name, and shall have the power to :
(a) enter into contracts and incur obligations;
(b) acquire, hold, mortgage, purchase, sell, lease and deal howsoever with property, whether movable or immovable, real or personal for the purpose of this Act;
(c) do and suffer all acts and things which a body corporate may by law do and suffer and which are necessary or convenient for the purpose of this Act.
(3) The common seal of the Administration shall be kept in such custody as the Agency directs and shall not be used except as authorized by the Administration.