PEF(M)B Governing Board
Section 3 of act establishing Petroleum Equalisation Fund Management Board. Decree No.9 of 1975 (as amended by Decree No.32 of 1989) establishes the Governing Board.
The Board consists of:
- representative of the Ministry of Petroleum Resources.
- A representative of the Federal Ministry of Finance.
- A representative of the Federal Ministry of Commerce
- Three representatives of the Petroleum Marketing Companies, who shall be appointed by the Minister.