Section 1: Establishment of the Revenue Mobilisation, Allocation and Fiscal Commission

There shall be established for the Federation a Revenue Mobilisation, Allocation and Fiscal Commission (in this Act referred to as "the Commission") which, under that name, shall be a body corporate with perpetual succession and a common seal and may sue and be sued in its corporate name, and whose members shall exercise the functions specified in the Constitution of the Federal Republic of Nigeria, 1999 and in this Act.