Section 13: Financial provisions.

(1) The funds of the NEITI shall consist of-
(a) such sums as may be provided by the Federal Government and appropriated by the National Assembly based on the budget submitted by the NSWG and which shall be released as and when due; and
(b) such sums as may be paid to the NEITI by way of grants, donations and gifts provided the sources of such grants, donations and gifts are properly disclosed and not in conflict with the provisions of this Act.
(2) The NEITI shall apply the proceeds of the funds established under section 13 (1) of this Act to the-
(a) cost of administration
(b) payment of salaries, allowances and benefits to members of the NSWG or any of its committees;
(c) payment of salaries, remunerations, allowances, pension benefits to officers and employees for NEITI;
(d) payment of all purchases;
(e) payment for all contracts, including mobilisation, fluctuation, variations, legal fees and cost of contract administration; and
(f) carrying out of other activities that would promote its objectives which are connected to all or any of the functions of NEITI under this Act; and
(g) payment for validators.
(3) The Governing body of NEITI, the NSWG, shall not later than 30th September in each year, submit to the President and the National Assembly an estimate of the expenditure and income of NEITI during the succeeding year and the NEITI shall cause to be kept proper accounts in respect of each year and proper records in relation thereto.