COUNCIL AND ITS OFFICERS

Council is the governing body of the Institute. It is headed by the President who is its Chairman. The Vice-President is the Vice-Chairman. Section 3 of the Act sets out the rules governing the election, composition and terms of office of Council members as follows:

• A Chairman who shall be the President of the Institute;
• A Vice-Chairman who shall be the Vice-President.
• The Chairman of the Federal Inland Revenue Service or his representative not below the rank of a Director;
• Two representatives of the Joint Tax Board.
• Fifteen persons elected by members of the Institute.
• A representative each of the following Ministries: Finance and Economic Development and Education
• Two persons to represent institutions of higher learning in Nigeria. The two shall not come from the same Institution.

A member of Council shall hold office for a period of three years after which he retires and thereafter be eligible for re-election. Election to Council is held annually at the Annual General Meeting and is by secret ballot. The rules governing this election are contained on pages 6 to 8 of the Membership Rules and Regulations. The Act gives Council absolute powers to do anything, which, in its opinion, is necessary to carry out the activities of the Institute.