Section 15: Annual estimates, accounts and audit.

(1) The Council shall prepare and submit to the Minister, not later than 30 September of each year or such other time as may be directed by the Minister, accounts and an estimate of its income and expenditure during the succeeding year.
(2) The Council shall keep proper accounts and other records relating thereto, and shall cause to be prepared, not later than 30 June in each year, a statement of accounts relating to the last preceding year.
(3) The statement of accounts, together with records relating thereto, shall be certified by the Council and the accounts shall be audited by the auditors to be appointed by the Council from the list and in accordance with the guidelines, supplied by the Auditor-General of the Federation.