Section 27: Contents and Form of Accounts.

(1) The Statement of Financial Position and Statement of Profit or Loss and Other Comprehensive Income of a bank shall give a true and fair view of the state of affairs of the bank as at the end of the reporting period.
(2) The Statement of Financial Position and Statement of Profit or Loss and Other Comprehensive Income of a bank forwarded to the Bank in accordance with section 26 of this Act shall comply with the requirements of any circular which has been issued by the Bank.
(3) A director of any bank who fails to take all reasonable steps to secure compliance with any of the provisions of this section in respect of any account, commits an offence and is liable on conviction to a fine of not less than N2,000,000 and, in addition, the Governor may suspend or remove such director from office.