Section 12: Annual estimate and account

(1) The Board shall not later than 1 September in each year submit to the Minister an estimate of its expenditure and income during the next succeeding year.
(2) The Board shall keep proper accounts in respect of each year and proper records in relation to those accounts and shall cause its account to be audited within six months after the end of each year by auditor appointed from the list and in accordance with the guidelines supplied by the Auditor- General for the Federation.