Section 4: Powers of the Tribunal.

The Tribunal shall have the following functions, that is-(a) to examine the reports and recommendations of the Public Accounts Committee which shall be referred to the Tribunal, from time to time, by the President;
(b) to initiate any appropriate steps which in the opinion of the Tribunal shall ensure that the various Ministries and Extra-Ministerial Departments of the government of the Federation recover from any officer, contractor, corporate body or any person whatsoever any misappropriation of Government funds or property which have been investigated and found due to the government of the Federation by the Public Accounts Committee
(c) to apply any appropriate sanctions against any erring functionaries of Government found negligent on the recommendation of the Public Accounts Committee;
(d) at its discretion, to refer to the Federal High Court any case, criminal or civil, involving loss of Government funds or property, for speedy trial and determination;
(e) to report back to the President any decision or action taken on any of the matters contained in the report and recommendations of the Public Accounts Committee.