Section 10: Establishment of the National Collateral Registry

(1) There is established in the Central Bank, a registry to be known as the National Collateral Registry (in this Act referred to as "the Collateral Registry").
(2) The Governor of the Central Bank of Nigeria shall appoint the Registrar and such other staff as may be required for the attainment of the objectives of this Act.
(3) The Registrar shall supervise and administer the operations of the Collateral Registry.