Section 18: Annual estimate, accounts and audit.

(1) The Council shall cause to be prepared, not later than 30th September in each year, an estimate of the expenditure and income of the School during the next succeeding year, and when prepared, they shall be submitted to the National Council of Ministers.
(2) The Council shall cause to be kept proper accounts of the School and proper records in relation thereto and when certified by the Council such accounts shall be audited as provided in subsection (3) of this section.
(3) The accounts of the School shall be audited within 6 months after the end of each year by auditors appointed by the Council from the list and in accordance with the guidelines supplied by the Auditor-General of the Federation ; and the fees of the auditors and the expenses of the auditors generally shall be paid from the funds of the School.