Section 16: Audit.

(1) The auditing of the Accounts of the Bank shall be completed not later than three months after the end of each year by the Auditor-General for the Federation or an external auditor appointed by him for that purpose.
(2) The audited accounts and the auditor's comments and observations on the accounts shall be submitted to the secretary to the Government of the Federation for onward presentation to the President not later than six months after the end of each year.