Section 18: Annual estimates and expenditure.

1 The Board shall, not later than 31st August in each year, submit to the President an estimate of the expenditure and income of the Commission during the next succeeding year for approval and forward to the National Assembly for appropriation.

2 The Board shall cause to be kept proper accounts of the Commission in respect of each year and proper records in relation thereto and shall cause the accounts to be audited not later than 6 months after the end of each year by auditors appointed from the list in accordance with the guidelines supplied by the Auditor-General for the Federation.