BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020

Section 90: Audit of Resolution Fund.

2020Section 90 of 132Federal Republic of Nigeria

(1) The Board of Trustees shall cause the accounts of the Resolution 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, and, to qualify for such appointment, such independent firm of auditors shall be-
(a) a member of one of the professional bodies recognised in Nigeria; and
(b) resident in Nigeria and carry on in Nigeria, professional practice as an accountant and auditor.
(2) The Board of Trustees shall cause the audited accounts of the Resolution Fund to be submitted to the Governor, Corporation and each bank, specialised bank and other financial institution, within 12 weeks after the end of the financial year to which such account relates.

Cite this section

Section 90, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).

https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/90/