Section 17: Returns

(1)
A bank shall submit to the Board not later than 28 days after the last day of each month or such other interval as the Board and the Central Bank of Nigeria may specify, a statement showing-
(a) the assets and liabilities of the bank;
(b) an analysis of advances and other assets of the bank;
(c) any other information that may be required by the Board and the Central Bank of Nigeria.
(2) The Board may, if it deems it fit, require a bank to submit such other information, documents, statistics or returns as the Board may deem necessary for the proper understanding of any statement supplied.
(3) The Board shall submit periodic returns to the Central Bank of Nigeria as may be required, from time to time.
(4) Every statement and information submitted by a bank under this section shall be regarded as confidential.
(5)
A bank which fails to comply with the provisions of subsections (1) and (2) of this section commits an offence under this Act and is liable on conviction to a fine of N100 for each day during which the offence continues.