ELECTRIC POWER SECTOR REFORM ACT

Section 56: Audit of the Commission's accounts.

2005Section 56 of 101Federal Republic of Nigeria

(1) The Commission shall appoint an auditor in accordance with the guidelines for the appointment of auditors issued by the Auditor-General of the Federation.
(2) The accounts kept by the Commission under section 55(1) shall be examined by the auditor.
(3) The auditor shall within six months after the end of each financial year, make a report to the Commission and the Minister on the statement of accounts prepared under section 55 (2) and such report shall state whether or not, in the opinion of the auditor, the statement of accounts gives a true and fair view of the Commission's affairs.
(4) The Minister may require the Commission to obtain from its auditor such other reports, statements or explanations in connection with the Commission's operations, funds and property as the Minister may consider necessary, and the Commission shall forthwith comply with any such requirement.
(5) Notwithstanding the provision of subsection (4) of this section, the Minister shall authorise the Commission to publish its audited statement of accounts in two national newspapers within one month following the receipt of the auditor's report under subsection (3) of this section, and the Commission shall thereafter publish the statement of accounts in the manner that has been authorised.

Cite this section

Section 56, ELECTRIC POWER SECTOR REFORM ACT (2005).

https://repo.podus.ai/laws/electric-power-sector-reform-act/section/56/