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(1) There is established by this Act a body corporate to be known as the National Biosafety Authority.

(2) Where there is a hindrance to the acquisition of property by the Authority, the property may be acquired for the Authority under the State Property and Contracts Act, 1960 (C.A. 6) or the State Lands Act, 1962 "' (Act 125) and the cost shall be borne by the Authority.