Section 11: Annual estimates and accounts.

(1) The Commission shall submit to the Minister, not later than 31 October in each financial year, an estimate of its expenditure and income (including payments to the National Universities Commission Fund) during the next succeeding financial year.
(2) The Commission shall keep proper accounts in respect of each financial year (and proper records in relation thereto) and shall cause its accounts to be audited as soon as may be after the end of each financial year by the Auditor-General for the Federation.