Section 5: Operating surplus and general reserve fund.

(1) The Bank shall-
(a) in respect of each financial year, determine its operating surplus which shall be the remaining sum from its income and other receipts after meeting all expenditure as approved by the Board.
(b) as approved by the Board for that year, make provision for the contribution to staff pension funds in accordance with the Pension Reform Act 2004 and for any other purpose specifically approved by the Board.
(2) The Bank shall establish a general reserve fund and shall allocate thereto at the end of each financial year one-quarter of its operating surplus for the year.
(3) The balance of the operating surplus shall be paid to the Federal Government half-yearly.