Section 16: Accounts, audit and estimate.

(1) The Secretariat shall-
(a) keep proper accounts and records of the Council's income and expenditure;
(b) prepare and submit to the Council, a comprehensive report of all the activities of the Secretariat; and
(c) prepare a statement of account in respect of each financial year.
(2) The Secretariat shall, as soon as directed by the Council or within six months after the end of the financial year to which the accounts relate, cause the accounts to be audited in accordance with the guidelines supplied by the Auditor-General for the Federation.
(3) The Secretariat shall, not later than six months to the end of every financial year, prepare and submit through the Council to the National Assembly, the estimates of revenue and expenditure of the Council for the following financial year.