Section 14: Financial provisions

(1) The Board shall establish a fund into which it shall pay-
(a) such sums as may be provided, from time to time, by the Government of the Federation or of a State for the Centre; and
(b) all sums accruing to the Centre by way of fees, gifts, testamentary disposition, contributions from philanthropic persons or organisations or otherwise howsoever.
(2) Except with the approval of the Minister, the Centre shall not have power to borrow money.
(3) The Board shall prepare and submit to the Minister, not later than 31 December in each financial year, an estimate of the income and expenditure of the Centre during the next succeeding financial year.
(4) The Centre shall keep proper accounts in respect of each financial year and proper records in relation to those accounts and shall cause its accounts to be audited as soon as may be, after the end of the financial year to which the accounts relate by a firm of auditors appointed, as respects that year, by the Board from the list and in accordance with the guidelines supplied by the Auditor-General of the Federation.