Section 27: Establishment and membership of the Public Enterprises Arbitration Panel

(1) There is hereby established under this Act an ad hoc body to be known as the Public Enterprises Arbitration Panel (in this Act referred to as "the Panel") which shall be responsible for effecting prompt settlement of any dispute arising between an enterprise and the Council or the Bureau.
(2) The Panel shall consist of five persons who shall be persons of proven integrity one of whom shall be the chairman.
(3) The members of the Panel shall be paid such remuneration and allowances as may be determined by the Government of the Federation.
(4) The Council shall appoint the members of the Panel on such terms and conditions as it may deem fit.