Section 16: Annual Estimates and Expenditure.

(1)
The Commission shall, not later than 30th September in each year, submit to the National Assembly an estimate of the income and expenditure of the Commission during the succeeding year.
(2)
The Commission shall cause to be kept proper accounts of the Commission in respect of each year and proper records of such accounts which shall be audited not later than 6 months after the end of each year by auditors appointed by the Commission from the list and in accordance with the guidelines supplied by the Auditor-General of the Federation.