Section 8: Accounts and audit

(1) The Chairman of the Commission shall before 30 September in each year cause to be prepared an estimate of the expenditure and income of the Commission during the next succeeding year and when approved by the Commission, the estimate shall be forwarded for approval by the Federal Government.
(2) The Commission shall keep proper accounts and proper records in relation thereto, under the direction and control of the Chairman.
(3) The accounts of the Commission shall be audited annually by an auditor appointed by the Commission from the list and in accordance with guidelines supplied by the Auditor-General for the Federation.