Section 20: Annual estimates, accounts and audit

(1) The Board shall cause to be prepared, not later than 30 September in each year, an estimate of the expenditure and income of the Authority during the next succeeding year and when prepared, they shall be submitted through the Minister to the President for approval.
(2)
The Board shall cause to be kept proper accounts of the Authority and proper records, in relation thereto and when certified by the Board, the account shall be audited by auditors appointed by the Authority from the list and in accordance with the guidelines supplied by the Auditor-General for the Federation.