Section 2: Establishment of the Governing Board of the Commission.

(1) There is hereby established for the Commission a Governing Board (in this Act referred to as "the Board"), which shall consist of -
(a) a Chairman;
(b) one member each to represent each of the following oil mineral producing States, that is -
(i) Delta State,
(ii) Rivers State,
(iii) Bayelsa State,
(iv) Akwa Ibom State,
(v) lmo State,
(vi) Edo State,
(vii) Ondo State,
(viii) Abia State, and
(ix) Cross River;
(c) two persons to represent non-oil mineral producing States;
(d) the Executive Secretary of the Commission;
(e) one person to represent the Presidency;
(f) one person to represent the Federal Ministry of Finance;
(g) one person to represent the Ministry of Petroleum Resources;
(h) one person to represent the National Planning Commission; and
(i) one person to represent the Defence Headquarters.
(2) The Chairman and other members of the Board shall-
(a) other than those mentioned in paragraphs (e) to (i) of subsection (1) of this section, be appointed by the President; and
(b) be persons of proven integrity and ability.
(3) The Chairman and members of the Board shall be part-time members.
(4) The supplementary provisions set out in the Schedule to this Act shall have effect with respect to the proceedings of the Board and the other matters contained therein.