Section 26: Signing of balance sheet and documents to be annexed thereto.

(1) The balance sheet of a public enterprise and every copy thereof delivered to the Commission shall be approved by the board of directors and signed on behalf of the public enterprise, by the Chairman and the chief executive of the public enterprise.
(2) If the balance sheet of a public enterprise or copy thereof-
(a) is delivered to the Commission; or
(b) is issued, circulated or published,
without the approval and signatures specified under subsection (1)of this section, the public enterprise and every officer of the public enterprise who is in default is guilty of an offence and liable on conviction to a fine not exceeding N 100,000.
(3) The balance sheet shall be accompanied with the following documents that is -
(a) the profit and loss account, except where it has already been incorporated in the balance sheet;
(b) the auditor's report; and
(c) the directors' report.
(4) The profit and loss account shall be approved by the board of directors and authenticated on behalf of the public enterprise by any two directors appointed by the board.