NIGERIAN BANK FOR COMMERCE AND INDUSTRY ACT

Section 10: Records and annual reports.

1973Section 10 of 18Federal Republic of Nigeria

(1) The Bank shall keep proper accounts and proper records of accounts and shall prepare in respect of each financial year a statement of account in such form as the Minister may direct, being such form which shall conform with the best commercial standards.
(2) It shall be the duty of the Bank to prepare and submit to the Minister, not later than three months after the end of each financial year, a report which shall be in such form as the Minister may direct and shall relate to the activities of the Bank during the immediately preceding financial year.
(3) The report shall include the report of the audited accounts of the Bank for that year and a copy of the auditors' reports on the accounts, and shall be presented to the President by the Minister so soon after the receipt thereof as it may be convenient.

Cite this section

Section 10, NIGERIAN BANK FOR COMMERCE AND INDUSTRY ACT (1973).

https://repo.podus.ai/laws/nigerian-bank-for-commerce-and-industry-act/section/10/