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Supplement to Official Gazette No. 36, YoL 49,24th May, i962—gart A A 25

PUBLIC ORDER P^AGOS) ACT, 1962

1962, No. IE

An Ac t t o e x t e n d t o o t h e r min is t e r s t h e po w e r t q pr o h ib it pu b l ic mee t in g s a n d pr o c e ss io n s c o n f e r r e d o n t h e min ic t e r r e spo n s ib l ePOR PUBLIC o r d e r IN LAGOS ; AND FOR CONNECTED PURPOSES.

[12th M(^, 1962] Commence*ment.

BE IT ENACTED by the Le^lature of the Federation of Nigeria in this present Parliament assembled and by the authority of the same as

follows

subsection (2) of section five of the Pubhc Order (I^gos) Art shall, m^e absence of that Minister from Lagos, be exercisable by any other meetings. Minister of the government of the Federation.

(21 Accordingly, that section shall have effect vdth the insertion of Cap. the words “ or in his absence from Dagos any other l^finister of the govemmTnt of the Federation” after the word “ Itosto w^eteit tot fccurs in subsection (2). of the words “ holding that opimon ^

word in th&lhird place where it occurs in that subse<^oi^^d of the words “who made the order” after that word in subsection (3). -

2,_{n This Act may be dted as the Public Order (Lagos) Act,1962, and this Act and the Act aforesaid may be cited together as the Public Order (Lagos) Acts, 1955 and 1962.

(2) This Art shall apply to the Federal territory only.

169.

Citation and extent.

Pu b l is h e d b y Au t h o k t it o f t h e Fe d e r a l Go v e r n men t o t Nig e r ia a n d Pr in t e d BY THE MraiSTRY OF INFORMATION, PRINTING DIVISION, L a GOS.

A 27APPROPRIATION ACT, 1962

m

mn,

1962, No. 5

An Ac t t o a o t h o r e s e t h e is s u e o u t o f t h e c o n s o l id a t ed k ey en u e f u n d

OF f i f t y -t w o mil l io n ,POUNDS FOR THE SERVICE OF THE YEAR ENDING ON THE THIRTY-FIRST

DAY OF H/fAUHTT, ONE T H O U S A N D NINE HUNDRED AND SIXTY-THREE;

TO AFPROPEIATE t h a t a mo u n t f o r . THE PURPOSES SPECIFIED IN

E I G H T Y - F O U R T H O U S A N D , S E V E N H U N D R E D

A N D

T H I S A C T .

{Uth May, 1962\

BE IT ENACTED by the Legislature of the Federation of Nigeria

i n p r e s e n t P a r l i a m e n t a s s e m b l e d , a n d b y t h e a u t h o r i t y o f t h e s a m e

as follows:—

C o m m e n c e­

m e n t . ^

1. The Accountant-General may, when authoraed ^ to do by I s s u e of

o n e t h o u s a n d n i n e h u n d r e d a n d s k t y - t h r e e , t h e s u m s s p e c i f i e d b y t h e

w a r r a n t s , n o t e x c e e d i n g i n t h e a g g r e g a t e f i f t y - t w o m i l l i o n , e i g h t y - f o u r f o r

t h o u s a n d , s e v e n h u n d r e d p o u n d s . 1 9 6 2 - 6 3 .

solidatedRevenue

2 . T h e a m o t m t m e n t i o n e d i n t h e f o r e g o i n g s e c t i o n s h a l l b e a p p r o - A p p r o p m -

p r i a t e d t o h e a d s o f e x p e n d i t u r e a s i n d i c a t e d i n t h e S c h e d u l e t o t h i s A c t . ° ®“ a m o i m t

a f o r e s a i d .

3 . N o p a r t o f t h e a m o u n t m e n t i o n e d i n s e c t i o n o n e o f t h i s A c t L a p s e o f

s h a f i b e i s s u e d o u t o f t h e C o n s o l i d a t e d R e v e n u e F u n d a f t e r t h e e n d

o f t h e y e a r m e n t i o n e d m t h a t s e c t i o n . a t e n d o f

y e a r .

4 . T h i s A c t m a y b e c i t e d a s t h e A p p r o p r i a t i o n A c t , 1 9 6 2 , a n d s h a l l S h o r t t i t l e

a p p l y t h r o u g h o u t t h e F e d e r a t i o n . ^ e x t e n t .

SCHEDULEAmount

Head

21 State House22 Cabinet Office2 3 P o l i c e . .

2 4 M i n i s t r y o f C o m m e r c e a n d I n d u s t r y

2 5 M i n i s t r y o f ( ^ m m u m c a t i o n s . .

26 Mmistry of Defence ..27 Royal Nigerian Army ..2 8 R o y a l N i g e r i a n N a v y . .

2 9 N i g e r i a n A i r F o r c e

Carried forward

£7 9 , 2 9 0

. 492,520

. 4 , 9 6 7 , 2 4 0

. 7 0 8 , 8 1 0

. 6 , 0 6 3 , 4 7 0

. 6 7 , 0 2 0

. 4,203,420

. 7 8 2 , 1 1 0

.. 200,000

' « «« •

• •

• •

• •

^17,563,880• •

« •

Appropriation1962, No. 5A 28

SCHEDULE—continued

AmountHead£

17,563,880

400,100 264,870

57,410 108,190 192,690 248,850

2,705,250 98,790 95,530

.. 494,420

.. 757,750

.. 2,505,360 780,070 236,090

44 Mmistry of Foreign Affairs and Commonwealth. Relations 2,133,2403,451,050 2,316,530

219,590 .. 1,257,310 .. 206,290

541,220 115,350

.. 1,213,800

.. 272,320127,010 940,150 131,270

.. 745,2606,050,980

95,940 23,510

166,890 713,460

97,280 4,600,000

.. 157,000

Brought forward30 Ministry of Economic Development31 Agriculture (Research)32 Fisheries Service33 Forestry (Research)34 Statistics..35 Veterinary (Research)36 Mimstry of Education ..37 Antiquities38 National Archives39 Ministry of Establishments and Service Matters ..40 Pensions and Gratuities41 Ministry of Finance ..42 Board of Customs and Excise43 Inland Revenue..

* 1

.;

• • .

• • • •• •

• t • • • ♦• •

« • » *

45 Ministry of Health46 Ministry of Information47 Mmistry of Internal Affairs48 Prisons49 Ministry of Justi(»50 Ministry of Labour51 Nationd Provident Fund52 Ministry of Lagos Affairs53 Ministry of Mines and Power

• 54 Geological Survey55 Ministry of Transport56 Coastal Agency .57 Inland Waterways58 Ministry of Works and Surv^59 Audit...............................................60 Electoral Commission61 Judicial .. .... .. '62 Parliament . . .. .. ..63 Public Service Commission ..64 Contributions to the Development Fund65 Non-statutory appropriations of revenue

* • . * •

• ^

m ♦ ' • «•• •

♦ • • •« •

» *« •• a ' ' « «r '«

* • « * • •.

ft ft

■ ifc ♦• ^ » *'• ft ft ft

« « ft ftft ft

Total ^52,084,700.

POBUIBHED BY AOTHOBnY OF THE FEDERAL GOVERNMENT OF NIGERIA AND PeINTBD BY THE MmiSrRY OF INFORMATION, PBnmNG . DIVISION, La GOS

A 29mid -w e s t e r n r e g io n a c t , 1962

m^y. ££!Th ,

1962, No. 6

An a c t t o :k t a b l is h a f o u r t h r e g io n o f t h e f e d e r a t io n o f Nig e r ia ; AND FOR PURPOSE (X)NNECTED THEREWITH.

Commence­ment.

[See section 2(2)]

WHEREAS a proposal to establish a further Region of the Federa­tion of Nigeria consisting of the area in W^tem Nigeria specified in the Schedule to this Act has been approved hy a resolution of each House of Parliament supported by the votes of at least two-t^ds of all the members of that House and by a resolution of each legislative house of Northern Nigeria and Eastern Nigeria:

NOW THEREFORE BE IT ENACTED by the Legislature of the Federation of Nigeria in this present Parliament assembled and by the authority of the same as follows:—

1.—(1) There shall be a new Region of the Federation which shall be known as Mid-Western Nigeria and shall consist of the area specified in the Schedule to this Act.

(2) Accordingly, section three of the Constitution of the Federation nball have effect subject to the following amendments, that is to say—

(a) for subsection (1) there shall be substituted the following sub­

section—“ (1) There shall be four Regions, that is to say. Northern Nigeria,

■ ^estem Nigeria, Eastern Nigeria and hlid-Westem Nigeria,” ;(5) at the end of subsection (3) (which specifies the area romptised

in Western Nigeria) there shall be added tiie words “ , other than the comprised in Mid-Westem Nigeria.” ; and

(c) after subsection (4) there shall be inserted the following sub­section—

“ (4a ) Mid-Westem Nigeria shall comprise the parts of Nigeria , spedfied in the Schedule to the Mid-Westem Region Act, 1962.” .

This Act may be cited as the Mid-Westem Region Act, 1962,and shall apply throughout the Federation.

(2) This Act sTiflll come into operation on such date as the Governor- General may by order appoint.

Establish­ment of fourth Region.

area

Short title, estmtand commence­ment.

SCHEDULE

Benin Province, including Akoko Edo District in Afenmai Diwsion, and Delta Province, including Warn Division and Warri Urban Town­ship area.

Pu b l is h ed BY Au t h o r it v o f t h e Fe d e r a l Go v e r n men t o f Nig e r ia a n d Pr in t e dBY THE MnUSTRY OF iNFORilATION, PRINTING DIVISION, LAGOS, I

A 31DISEASES OF ANIMALS ACT, 1962

t»*U.

1962, No. 7

An Ac t t o be g d l a t e t h e impo s t a t io n a n d e x po e t a t io n by a i r o f a n ima ib ,PRODUCTS AND THINGS WHICH MAY CARRY ANIMAL DISEMl^,

IMPORTATION AND EXPORTATION BY ANY MEANS OF ANIMALANIMAL AND THEVACCINES AND SIMILAR SUBSTANCES AND ANIMAL SEMEN J AND FOR PURPOSES

CONNECTED WITH THE MATTERS AFORESAID.

Commence­ment.

[12th May, 1962}

BE IT ENACTED by the Legislature of the Federation of Nigeria in this present Parliament assembled and by the authority of the as follows;—

1. The powers of the Minister to make reguktions under section Extension of three of the Diseases of Animals Act for prohibiting or restricting the importation and exportation by land and sea of a^als, mcass ̂and the importation other things there mentioned shall extend to the importation and e:^orta- andtion thereof by air; and for the avoidance of doubt it is hereby declared expo^tion that the references in that section to those things include references ^®***^®* to poimal semen and to any of the substances commonly known as vaccines, sera, toxins, anti-toxins and antigen wbich are intended to be used for veterinary purposes.

2. This Act may be dted as the Diseases of Animals Act, 1962, and shall apply throughout the Federation; and this Act and the Diseases of Admals Act may be cited together as the Diseases of Animals Acts,1917 and 1962.

same

Cap. 54.i

Citation and extent.

POBUSHED BY ADTHORIXY OF THB FEDERAL GOYKSNMSmr OF NIGERIA AND PRINTED BY THE M in is t r y o f In f o r ma t io n, Pr in t in g Div is io n , La g o s

A 33TOEASURY BILLS AC% 1962

I

1962, No. 8

An Ac t t o z n c r e a s e t h e l imit o n t h e s u ms wHicaa ma t b e b o r r o w ed o n THE s e c u r it y OF TREASURY BILLS.

Commence­ment.

[12th 1962]

BE IT ENACTED by the Legislature of the Federation of Nigeria in this present Parliament assembled and by the authority of the follows:—

1. —(1) In subsection (2) of section three of the Treasury Bills Act, 1959 (which, as amended by the Treasury Bills (Amendment) Act, 1961, provides that the principal sums represented by outstanding Treasury Bills are not to exceed twenty per cent of the estimated federal revenue during the current year) for the words “ twenty per cent” there shall be substituted the words “ forty per cent” .

(2) The said Act of 1961 is hereby repealed.

2. This Act may be cited as the Treasury Bills Act, 1962, and shall apply throughout the Federation.

same as

Increase of Treasury Bills issue.No. 11 of 1959.1961, No. 5.

Pu b l is h e d b y AuTHOHirr o f t h e Ee d e r a l Go v e r n men t o f Nig e r ia a n d Pr in t e d BY THE M in is t r y o f In f o r ma t io n, Pr in t in g Div is io n , Da g o s.

..

ASSEXTERNAL LOANS ACT, 1962

m1962, Np. 9

An Ac t t o a t 3THORIs e t h e e a is in g o f d e v e l o pmen t l o a n s a b r o a d ; a n d FOR CONNECTED PURPOSES.

Conunence-ment.^ (IM May, 1962]

BE IT ENACTED by the Legislature of the Federation of Nigeria in this present Parliament assembled and by the authority of the same as follows:—

1.—(1) The Minister of the government of the ponable for finance may, in any manner authorised by the General Loan and Stock Act or the Government Promissory Notes Act, 1960, raise loans outside Nigeria not exceeding in the aggregate—

(c) the sum of three hundred million Nigerian pounds ; and(5) such fiirther sums as may be necessary to defray any expenses

incurred in connection with the raising of the loans.(2) The proceeds of any loan raised by virtue of paragraph (a) of the

foreiina subsection shall be paid to the Developm^t Fund mentoned in the Finance (Control and Management) Act, 1958, and, notmth- standinc the provisions of that Act rekting to the purpose for whic e fund may be used but subject to the other provisions of tMt Act, shall be applied for both or either of the foEowing purposes, that is to say—

(a) the purposes of the development programme ;(5) for the making of loans to the govemmpte of the Regions on

such terms as may be approved by the said Minister.(3) No loan be made to the government of a Region by ^«rtae

of the last foregoing subsection unless Siere is in force a law made by the Legislature of the Region authorising that govenment to raise loans from the government of the Federation and providing that the loans shall not be used otherwise than for the purposes of a development plan approved by that Lregfelature.

(4) In this section, “the development programme” means Ihe Development Programme, 1962 to 1968, of the gov^mt of the Federafion set out in Sessional Paper No. 1 of 1962, with such mod^ca- tions (either by way of additions, deletions or alterations) as ^y trom timft to timft be sct out in any subsequent Sessional Paper relating to theprogramme.

2. This Act may be cited as the External Loans Act, 1962, and shall apply throughout the Federation.

Power to raise loans abroad for develop­ment.Cap. 74. No. 6 of 1960.

Federation res-

No, 33 of 1958.

Short title and extent.

Pu b l is h ed b y Au t h o r it y o f t h e Fe d e r a l Go v e r n men t o f Nig e r ia a n d Pr in t e d BY t h e M in is t r y o p In f o r ma t io n, Pr in t in g Div is io n , I/AGOs

A 37INTEBNAL LOANS ACT, 1962

m1962, No. 10

An a c t t o a u t h o r is e t h e r a is in g o f de v e l o pme n t l o a n s in NIGERIA ; AND f o r c o nn e c t e d PURPOSES.

Commence­ment.{12th Mi^, 1962}

BE IT ENACTED by the Legislature of the Federation of N igeria in this Parliament assem bled and by the authority of the sam e as follows:—

l,_^lj^The M inister of the governm ent of the Federation res­ponsible for finance may, in any manner authorised by the Local Loans loam (Reared Stock and Securities) Act or the Government Prom issory Notes Act, 1960, raise loans in N igeria not exceeding in the aggregate—

• and Cap. 111.’ No. 6 of

Power to

(fl) the stun of one hundred m illion N igerian pounds

{b) such further sum s as m ay be necessary to defray any expenses i960; incurred in connection w ith the raising of the loans.

(2) The proceeds of any loan raised by virtue of paragraph (a) of the foregoing subsection shall be paid to the Developm ent Fund m en­tioned in the Finance (Control and M anagement) Act, 1958, and, notw ithstanding the provisions of that Act relating to the purpose for "W hich the fund m ay be used but subject to the olher provisions of that Act, fiLall he.applied for both or either of the follow ing purposes, that is

to say—

No. 33 of1958.

(a) the purposes of the developm ent program me; and

(J) for the m aHrtg of loans to the governments of the Regions on sudi tw -ms as m ay be approved by the said M inister.

(3) No loan shall be m ade to the govem ment of a Region by virtue of the last foregoing subsection unless diere is in force a law m ade by the Legislature of the Region authorising that governm ent to raise loans from the govem m ent of the Federation and providing that the loans aLglt not be used otherw ise than for the purposes of a developm ent plan

approved by that Legislature.

(4) In this section, “the developm ent program me” m eans the Devdopm ent Program m e, 1962 to 1968, of the govem m ent of the Federation set out in Sessional Paper No. 1 of 1962, w ith such m odifica­tions (either by way of additions, deletions or alterations) as m ay from time to time be set out in any subsequent Sessional Paper relating to the

programm e.

2. This Act m ay be cited as the Internal Loans Act, 1962, and shall apply throughout the Federation.

Short tide m d extent.

POBtlSHEO BV AOTHOHirr OB THH EeDERAI. Go VEENMENT OF NIGERIA AND PRINTED

BV THsM nm sTRY OF In f o r ma t io n, Pr in t in g Div is io n , La g o s.

A 39PAKLIAMENTAHY DISQUALmCATION (NORTEDERNPROVINCIAL COUNCILS) REMOVAL ACT, 1962

1962, No. 11An Ac t t o r emo v e a n y d is q u a l if ic a t io n f o r membe r s h ip o f pa r l ia men t

IMPOSED ON ANT PERSON BY PARAGRAPH (e) OF SUBSECTION (1) OF SECTION

FORTY OF THE CONSTITUTION OF THE FEDERATION BY REASON OF HIS

MEMBERSHIP OF A PROVINCIAL COUNCIL IN NORTHERN NIGERIA; AND

FOR FttRPOSES CONNECTED THEREWITH.

Commence­ment.

[12th May, 1962\

BE IT ENACTED by the Legislature of the Federation of Nigeria in present Parliament assembled and by the authority of the as follows:—

1. A person shall not be disqualified for selection as a Senator orelection to the House of Representatives by virtue of paragraph {e) of subsection (1) of section forty of the Constitution of the Fed^ation disqualifi-(which provides for the disqualification of members of the civil and cadonof military sendees and holders of other public offices of emolument) byreason only of bib being, or receiving allowances as, a member of a p^^cial provincial council established m pursuance of the Provmcial Councils Counols. Law, 1959, of Northern Nigeria.

2. This Act may be dted as the Parliamentary Disqualification (Northern Provincial Councils) Removal Act, 1962, and shall applythroughout the Federation.

same

Short title and extent.

Pu b l is h e d b y Au t h o r it y o f t h e Fe d e r a l Go v e r n men t o f Nig e r ia a n d Pr in t e d BY THE M in is t r y o f In f o r ma t io n, Pr in t in g Div is io n , La g o s

A 41L E G A L E D U C A T IO N A C T , 1962

Ar r a n g e me n t o f Se c t io n s

Section1 . E stab lish m en t o f C o im d l o f L ega l

E d u ca tion .2 . R estr ic tion s on en ro lm en t iv ith ou t

su itab le q u a lifica tion s.3 . Q u a lify in g cer t if ica tes, _____

4. A p p roved cou rses an d exam in a tion s,e tc., fo r th e p u rp oses o f q u a lify in g cer tif ica tes.

5 . E xp en ses.

6 . S h or t tit le, ex ten t, in terp re ta tionan d com m en cem en t.

1962 , N o . 12

An Ac t t o ma k e f u r t h e r pr o v is io n w it h r e s pe c t t o t h e l e g a l pr o f e s­

s io n BY e s t a bl is h in g A COUNCIL OF LEGAL EDUCATION AND BY

r e s t r ic t in g t o SUITABLY QUALIFIED PERSONS THE RIGHT TO PRACTISE THAT pr o f e s s io n; a n d FOR PURPOSES CONNECTED WITH THE MATTERS AFORESAID.

C om m en ce­m en t.

[See section 6 (3)]

B E IT E N A C T E D b y th e L eg is la tu re o f th e F ed era tion o f N iger ia in th is p resen t P ar liam en t assem b led an d b y th e au th o r ity o f th e sam e

,as fo llow s:—

1.— (1) T h ere sh a ll b e estab lished a b od y , to b e k n o tvn as th e E stab lis li- C ou n c il o f L ega l E d u ca tion (an d h erea fter in th is A ct re fer red to “ th e cou n cil” ), w h ich sh a ll h e ch arged w ith gen era l resp on sib ility fo r th e lega l ed u ca tion o f p erson s seek in g to faecom e m em b ers o f th e lega l p ro fession .

(2 ) T h e cou n cii sh a ll con sist o f th e C h ief Ju stice o f th e F ed era tion w h o sh a ll b e ch a irm an o f th e cou n cil, an d o f th e fo llow in g o th er m em b ers, th a t is to say—

(a) th e A tto rn ey-G enera l o f th e F ed era tion;

(5 ) th e A tto rn eys-G en era l o f th e R eg ion s;

(c ) tw o p erson s ap p o in ted b y th e P r im e M in ister ;

(d ) th e ch a irm an o f th e N iger ian B ar A ssoc ia tion (h erea fter in th is A ct re fer red to as “ th e assoc ia tion” ) ;

(e) tw o p erson s w h o h o ld o r h ave h e ld h igh ju d ic ia l o jff ice, to b e ap p o in ted b y th e C h ief Ju stice o f th e F ed era tion;

(J ) ih e p r in cip a l o f an y law sch oo l m ain ta in ed b y th e cou n d l;

is) tw o p erson s e ilt it led to p ractise as lega l p ractit ion ers in N iger ia , to b e ap p o in ted b y th e assoc ia tion; an d ;

{h) th e h ead o f each facu lty o f law o f a u n iversity in N iger ia w h ich ^ gran ts a d egree o r o th er q u a lif ica tion in con n ection w ith a cou m e o f lega l stu d ies con d u cted b y th e facu lty , b e in g a d egree o r q u a lif ica tion b y v ir tue o f w h ich th e h o ld er is en tid ed to oh feiin a gu a lily n g cer tif i ­

ca te in p u rsu an ce o f th e fo llow in g p rov is ions- o f th is A ct.

(3 ) A p erson ap p o in ted as a m em b er o f th e co im cil in p u rsu an ce o f p a rag rap h (c ), (e) o r (g) ab ove sh a ll, u n less h e p rev iou sly resign s o r is rem oved firom o ff ice , h o ld o ff ice fo r su ch p er iod n o t exceed in g fou r years as m ay b e sp ecif ied in h is in stru m en t o f ap p o in tm en t an d sh a ll, on ceasin g to h o ld o ffice, b e e lig ib le fo r reapp o in tm en t.

as m en t o f C ou n c il o f L ega l E d u ca tion .

{

Legal'^ducatton '196 ̂No. 12A 42

(4) The quorum of the council shall be four, and the council may regulate its own procedure; and the validity of any proceeding of the council shall not be ^ected by any vacancy in the membership of the council or by any defect in the appointment of a member, or by reason that a person not entitled to do so took part in the proceedings.

(5) The council shall have power to do such things as it considers expedient for the purpose of performing its functions, but no rempe- ration or allowances shall be paid to any member of the council in respect of his office.

2. —(1) Subject to subsection (2) of this section, the name of a person shall not be entered on the roll after the commencement of this Act unless that person produces to the re^trar a qualifying certificate issued to him under the next following section.

(2) The Attorney-General of the Federation may by regulations provide that ie forgoing subsection shall not apply in such cases and on such conditions (if any) as may be prescribed by the regulations; and regulations imder this subsection may make different provision for different circumstances but shall not come into force until approved by a resolution of each House of Parliament,

3. A person shall be entitled to have a certificate issued to him by the coundl stating diat he is qualified to have his name entered on the roll (in this Act referred to as a “qualifying certificate” ) if—

(a) he applies to the council for the issue of such a certificate; and

(6) he has satisfied the council—(i) that he has attended a courae of study approved by the

council under the next following section; and

(ii) that the course was conducted at an institution so approved, or partly at one such institution and partly at another or others; and

(iii) that he holds a qualification so approved; and

(iv) in any case in which the council thinks it proper so to require, that he has a proper knowledge of the law in force in Nigeria; and

(c) after satisfying the coundl as aforesaid, be has successfully completed a course of practical trdning which l^ted for not less than one year and was conducted under arrangements made by the council.

4. —(1) The council may approve for the purposes of the last fore^ing section—

(«) any cxjuise of study which the council considers is desired to confer on persons completing it the knowledge of the ijrindplra of law required by a le ̂practitioner, and which persons are ineligible to attend tmless they have such preliminary qualifications as the coundl considers appropriate;

(J) any institution in Iberia or elsewhere which the cx>uncal considers is properly staffed and brgaiused for conducting the whole or any part of a ciourse of study approved by the council under this section;

Restrictions on enrol­ment without suitable qualifi ­cations.

Qualityingcertificates.

Approved courses andgxaniina—tions, etc., ' for the purpos^ of quahfyiag certificates.

!■

I'

A 431962, No. 12Legal Education

(c) any qualification wMch, as the result o£ an esamixiation or eliminations taken in conjunction yrith. a course of study approved by the council under this section, is granted to candidates reaching a standard at the examination or examinations indicating, in the opmion of the council, that they have the knowledge aforesaid.

(2) The council may withdraw its approval mider this section for any course, institution or qualification, either without r^ervations or with reservations for the benefit of persons participating in the couree immediately before the approval was withdrawn, but the withdrawal of an approval shall not prejudice any person who by virtue of the approval has satisfied the council, or immediately before the withdrawal could have satisfied the council, as mentioned m sub-paragraphs (i) to (iii) of the last foregoing section; and on withdrawing an approval tile council shall, except in a case felling vtithin the ne ̂following sub­section, notify the body or person by whom in the opinion of the council the course or institution is directed or the qualification is granted.

(3) The council may if it thinks fit—(a) prepare courses of study designed to confer the knowledge

aforesaid on persom completing them;(b) establish and maintain a school for conducting courses of

study prepared by the council;(c) hold examinations in connection with a course of study prepared

by the council and conducted at the school or elsewhere ;(d) grant diplomas to candidates reaching a stan^rd at any such

examination indicating, in the opinion of the council, that they have the knowledge aforesaid;

and the power to approve couraes, institutions and qualifications in­ferred by subsection (1) of this section shall include power to approve,̂ a course prepared or a school maintained or a diploma granted by the' coimcil.

(4) It shall be the duty of the coundl to keep itself informed of

the nature of—(а ) the instruction given at approved institutions to persons attend-

ing approved courses of study; and(б ) the examinations as a result of which approved qualifications

are granted;and where it appears to the council appropriate to do so for the purpose of performing that duty the council shall, subject to the agreement of the persons in charge of the institutions or examinations in question, appoint persons to visit and report on approved institutions and to attend and report on examinations as a result of which approved qualifi­cations are granted.

(5) Nothing in this section shall be construed as prejudicing the generality of subsection (5) of section one of this Act.

S.—(1) There shall be paid to the coundl out of moneys provided Expenses, by Parliament such sums by way of grant or loan as Parliament may from time to time determine.

(2) Any loan to the council of moneys provided by Parliament shall be made on such terms as may be determined by the Mimsterof the government of th? Federation responsible for finanpe,

A 44 1962, No* 12 Legal Education

(3) The said Minister shall make regulations as to the keeping of accounts and records by the council, or by an officer of the council, with respect to sums paid to the council out of mone ̂provided by Parliament and as to the audit of the accounts; and the relations shall provide for the laying in every year of a copy of the accounts before each House of Parliament.

6.—(1) This Act may be cited as the Legal Education Act, i962, and shall apply throughout the Federation.

(2) In this Act—

“ the registrar” means the Chief Registrar of the Federal Supreme Court ; and"the roll” means the roll of barristers and solicitors maintained by

the registrar.

(3) This Act shall come into force on such date as the Attomey- Generi of the Federation may by order appoint.

Short title, extent, interpreta­tion and commence­ment.

-IPu b l is h ed BY AuxHOiuTy o f t h e PtoESAL. Go v e r n men t o f Nig e r ia a n d Pr in t e d

BTTHE M in is t r y o f In f o r ma t io n, Pr in t in g Div is io n , La g o§,

A 45

•ERUSTEE INVESTMENTS ACT, 1962

AND fi

1962, No. 13

An Ac t t o e n l a r g e t h e in v e s t me n t po w e r s o f t r u s t e e s.

[12th May, 1962]

BE IT ENACTED by the Legislature of the Federation of Nigeria in this present Parliament assembled and by the authority of the same as follows:—

CoDimence-ment.

1.—(1) Subject to subsections (2) and (3) of this section, the power Es^raision of of investment conferred on trustees by subsection (1) of section three of powers of the Government and Other Securities (Local Trustees’ Powers) Act shall include power to invest in debentures and fully paid-up shar ̂of Cap. 78. any company incorporated by and registered under the Companies Act Cap. 37, (oAer than a private company withm the meaning of that Act); and subsection (2) of that section and section four of the first-mentioned Act shall have effect accordingly.

(2) The power conferred by the foregoing subsection shall not be exercisable unless, at the time when it is proposed to exercise it—

(n) the nominal value of the fully paid-up shares issued by the company in question is not less than five hundred thousand pounds;and

(b) the price of the debentures or shares of the class in question is quoted on the Lagos Stodr Exchange; and(c) iA the case of an investment in shares of a company, dividends

have been paid during each of the three calendar years immediately preceding tiie current year on all the shares of the company issued when the dividends became due, and the aggregate amount of the dividends paid during each of those years in respect of each share rankmg for dividend throughout that year was not less than five per cent of the nominal value of the share.

(3) No investment shall be made in exercise of the power conferred by subsection (1) of this section if the investment would cause—

(a) the value of the part of the trust fund invested in the exercise of that power to exceed one-third of the total value of the fund; or

(b) the value of the part of the fund so invested in the shares and debentures of a particular company to exceed one-tenth of the total value of the fund; or

(c) the value of the part of the fund so invested in the shares of a particular company to exceed one-twentieth of the total value of thefund,

Trustee InvesttnentsA 46 1962, No. 13

(4) For the purposes of this section—

(a) “share” includes stock, and “debenture” includes debenture stock; ,

(5) a trust fund shall consist of so much of the property (other than an interest in ecpectancy) as is held by the trustee on trusts which, either as respects the objects of the trust dr the beneficiaries jor their interests or the powers of the trustee, are not identical with the trusts on which he holds other property;

(c) a valuation in writing of, or of a part of, a trust fund obtained by a trustee from a person whom he reasonably believes to be competent to make it shall be conclusive as to the value of that fund or part on the date of the valuation. ■

(5) The Minister of the government of the Federation responsible for finance may by regulations provide for the application of this Act,

' subject to such additions, alterations or omissions as may be specified by the regulations,—

(a) in cases where a company is amalgamated with or acquired or controlled by or has its business taken over by another company j

(6) in cases where shares are issued in place of the payment of the whole or part of any dividend j

and the regulations may make different provision for different circum­stances.

2,—(1) This Act may be cited as the Trustee Investments Act, 1962, and this Act and the Act aforesaid may be cited together as die Trustee Investments_Acts, 1957 and 1962.

(2) This Act shall apply throughout the Federation.

Citation and extent.

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^ Pu b l is h e d b y Au t h o mt y o f t h e Fe d e r a l Go v e r n me n t o f Nig e e^ a n d Pr in t e d 5V TFF M in is t e v o? In f o r ^ja t jo n, Pr in t in g Div is io n , I/A<505