Section 41: Accounts and Audit.

(1) The Board shall keep proper accounts in respect of monies forming part of the Fund and proper records in relation to those accounts and shall prepare annually, a statement of account.
(2) For the purpose of subsection (1) of this section, the financial year of the Fund shall be from 1st January to 31st December of every year or such other period as may be determined by the Board with the approval of the Minister.
(3) The account of the Fund shall be audited annually by an Auditor appointed by the Board from a list of Auditors provided by the Auditor General of the Federation.