There is established an Authority to be known as the National Industrial Training Authority. (2) The Authority shall be a body corporate with perpetual succession and a common seal and shall, in its corporate name be capable of—
(a) Suing and being sued;
(b) Taking, purchasing or otherwise acquiring, holding, charging or disposing of movable and immovable property;
(c) Borrowing or lending money;
(d) Entering into contracts; and
(e) Doing or performing all other things or acts for the proper performance of its functions under this Act, which may be lawfully done or performed by a body corporate
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