Section 45: Accounts and audit

(1) The Corporation shall keep proper accounts and other records in relation thereto and shall prepare in respect of each financial year, a statement of accounts.
(2) The accounts of the Corporation shall be audited by auditors to be appointed annually by the Corporation, with the approval of the Minister, from the list of auditors and in accordance with the guidelines supplied by the Auditor-General for the Federation.
(3) As soon as the accounts of the Corporation have been audited, the Corporation shall furnish a copy of the statement of accounts to the Minister together with a copy of any report made by the auditors on that statement of accounts of the Corporation; and the Minister shall lay a copy of every such statement and report before the National Assembly.