NATIONAL INSURANCE CORPORATION OF NIGERIA ACT

Section 24: Returns by the Corporation

1969Section 24 of 38Federal Republic of Nigeria

(1) The Corporation shall, within six months after the close of each financial year, furnish to the Minister and to the Registrar of Insurance-
(a) a copy of the audited accounts of the Corporation and of the statements and abstracts mentioned in section 22 of this Act;
(b) a copy of the general report and of the full report of the auditors mentioned in the said section 22;
(c)
a detailed report of the Board on the state of affairs of the Corporation for that financial year, including a statement of the amount out of the profits which the Board proposes to carry to the general reserve fund of the Corporation; and of the amount which the Board recommends should be paid by way of dividend, and the Minister shall, as soon as may be after receipt thereof, submit to the President a copy of each of the documents furnished to him under this subsection.
(2) As soon as may be after the Corporation has complied with the requirements of subsection (1) of this section, the Board shall cause the audited accounts of the Corporation and the general report aforesaid to be published in the Federal Gazette.

Cite this section

Section 24, NATIONAL INSURANCE CORPORATION OF NIGERIA ACT (1969).

https://repo.podus.ai/laws/national-insurance-corporation-of-nigeria-act/section/24/