Section 20: Books of Accounts.

(1) The Corporation shall cause to be kept proper books of accounts with respect to all the transactions of the Corporation in such form and in compliance with such accounting standard as the Central Bank of Nigeria may specify by regulations.
(2) For the purpose of subsection (1) of this section, proper books of accounts shall be deemed to be kept with respect to all transactions if such books as are necessary to explain such transactions and give a true and fair view of the state of affairs of the Corporation are kept by the Corporation in compliance with the relevant accounting Standard as may be prescribed by the Central Bank of Nigeria.
(3) The Corporation shall keep, in the form that the Central Bank of Nigeria may direct, proper and usual accounts of money received and expended by it and of all financial transactions undertaken in the performance of its functions.