Section 12: Accounts of Institute.

(1)
The Institute shall keep and maintain proper accounts of its income and expenditure and shall by Accounts of the 30th day of September of each year submit such accounts to be audited by any auditor approved by the Accountant-General of the Federation.
(2) The audited accounts of the Institute and the auditor's report thereon shall, not later than the 31st day of December of each year, be submitted by the Institute, to the Minister of Agriculture who shall forthwith lay them before each House of the National Assembly.