Section 71: Establishment of the Governing Council of the Board

(1) There is established for the Board the Governing council (in this Act referred to as the "Council") which shall conduct the affairs of the Board.
(2) The Head Office of the Council and the Board shall be located in any of the oil or gas producing States of the Federation
(3) The Council may establish branch offices of the Board in any of the gas or oil producing States of the Federation.