Section 60: Audit of Resolution Cost Fund (amended by Section 8 of the Asset Management Corporation of Nigeria (Amendment) Act, 2015)

(1)
The Board of Trustees shall cause the accounts of the Resolution Cost Fund to be submitted for audit within six weeks after the end of each financial year to such independent firm of auditors as the Board of Trustees may appoint, to qualify for such appointment, such independent firm of auditors shall-
(a)
be a member of one of the professional bodies recognized in Nigeria; and
(b)
be resident in Nigeria and carry on in Nigeria professional practice as accountant and auditor.
(2)
The Board of Trustees shall cause a copy of the accounts of the Resolution cost Fund as audited to be submitted to the Governor, each eligible financial institution and both Houses of the National Assembly, through the relevant Standing Committees of the National Assembly within twelve weeks after the end of the financial year to which such account relates.