Section 24: Returns by Banks.

(1) Every bank shall submit to the Bank not later than five days after the last day of each month or such other interval as the Bank may specify, a statement showing-
(a) the assets and liabilities of the bank; and
(b) an analysis of advances and other assets, at its head office and branches in Nigeria and branches and subsidiaries outside Nigeria, in such form as the Bank may specify.
(2) Every bank shall submit such other information, documents, statistics or returns as the Bank may deem necessary.
(3) Where a bank is affiliated to any other person, the Bank may require such bank to prepare and furnish any return required to be made under this Act or the Central Bank of Nigeria Act on a consolidated basis.
(Act No. 7 2007)
(4) For the purpose of this section, the word, “affiliated", includes a subsidiary or holding company or such other relationship as may be determined by the Bank.
(5) The statements and information submitted by a bank under this section shall be regarded as confidential:
Provided that the Bank may furnish any such statement or information to any agency of Government as required by law.
(6) Any bank which fails to comply with any of the requirements of this section is, in respect of each such failure, liable to a penalty of not less than N5,000,000 and N500,000 for each day during which the contravention continues.