Arrangement of Sections
1. Preliminar y pr ov i s ions
5. Temporary incapacity or absence from Nigeria
10. Disclosure, etc., of interest by members
15. Presumption as to execution of documents
The Nigerian Coal Corporation
Establishment and constitution of the Nigerian Coal Corporation.
General functions of the Corporation.
Appointment of general manager and delegation of functions.
Powers of the Minister in relation to the Corporation.
Transfer of assets , etc . , to th e Corporation
Transfer of assets.
Compensation for transferred assets.
Transfer of certain liabilities.
Transfer of rights and liabilities under contracts of Government colliery undertakings.
11. Pending proceedings and causes of action.
12. Acquisition of land.
Prospecting and mining by the Corporation
Certain provisions of the Minerals and Mining Act not to apply to the Corporation.
Restriction on issue or grant of rights, licences and leases under the Minerals and Mining Act in relation to coal.
I5. Prospecting and mining by the Corporation under licence from the President.
Prospecting.
Prospecting right, etc., under the Minerals and Mining Act.
Lands excluded from prospecting and mining.
Underground wayleaves.
Compensation for disturbance of surface rights.
Determination of amount of compensation.
Financial provisions
Application of revenue and grant reserve fund.
Power to issue debenture stock for certain purposes.
Power to borrow money.
Investment of funds.
Accounts and reports
26. Accounts and audit.
SECTION
27. Annual report and periodical returns.
Provisions relating to staff
Employment of servants and agents.
Corporation empowered to establish pension schemes.
Corporation empowered to exercise functions through servants and agents.
Transitory provisions relating to government officers,
Miscellaneous provisions
Provisions relating to taxes, etc.
Power to vary the First Schedule.
SCHEDULES
FiRST SCHEDULE
Supplementary provisions as to the Corporation
SECOND SCHEDULE
Assets to be transferred to the Corporation
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