Section 6: Financial provisions.

(1) There shall be made to the Commission out of moneys provided by the Federal Government payments for the purposes of this Act, either by way of grant or by way of loan or both, of such amounts and on such terms as may be approved by the President and the funds of the Commission shall consist of any payments so made and of all other moneys received by the Commission in the course of its activities under this Act.
(2) The Commission shall submit to the President, not later than 31 October in each financial year, an estimate of its expenditure and income (excluding payments to the Commission out of moneys provided by the Federal Government) during the next succeeding financial year.
(3) The Commission shall keep proper accounts in respect of each financial year (and proper records in relation to those accounts) and shall cause its account to be audited, as soon as may be, after the end of each financial year by auditors appointed from the list of auditors and in accordance with the guidelines supplied by the Auditor-General for the Federation.
(4) The National Assembly may, if it thinks fit, modify the requirements of subsections (2) and (3) of this section in such respect as the National Assembly may determine.