Section 6: Financial provisions

(1) The Board shall establish and maintain a fund from which shall be defrayed all expenditure incurred by the Board.
(2) There shall be paid or credited to the Board-
(a) such sums of money as may be provided by the Federal Military Government from time to time; and
(b) such sums of money accruing to the Board from any other source.
(3)
The Board shall cause to be prepared, not later than 31st August in each year, an estimate of the expenditure and income of the Board for the next succeeding year and when prepared they shall be submitted through the Minister to the President for approval.
(4) The Board shall keep proper accounts and proper records in relation to those accounts and when certified by the Board the accounts shall be audited as provided in subsection (5) of this section.
(5) The accounts of the Board shall be audited within six months after the end of each year by auditors appointed by the Board from the list and in accordance with guidelines supplied by the Auditor-General for the Federation and fees of the auditors and the expenses for the audit shall be paid from the fund of the Board.