Section 1: Statutory corporations, etc., affected

(1)
The statutory corporations and companies controlled by the Federal Government mentioned in the Schedule to this Act (in this Act individually referred to as "corporation affected") shall operate and have effect subject to this Act; and where constituted under any special enactment, that enactment shall be affected by this Act and be deemed to have been amended to the extent necessary to give effect hereto.
[Schedule.]
(2) For the purposes of subsection (1) of this section the Nigerian Railway Corporation Act shall have effect subject to this Act.