Section 16: Fund of the Complex

(1) The Complex shall establish and maintain a fund from which shall be defrayed all expenditure incurred by the Complex.
(2) There shall be paid and credited to the fund established pursuant to subsection (1) of this section-
(a) such money as may, from time to time, be lent or granted to the Council by the Government of the Federation or of a State;
(b) all money raised for the purposes of the Complex by way of gift, grant-in-aid, testamentary disposition or otherwise;
(c) all subscriptions or fees and charges for services rendered by the Complex (except that no charges shall be made for services performed for the Government of the Federation or State or for such other public bodies or institutions as may be exempted by the Board);
(d) all interests received in respect of money invested by the Complex; and
(e) all other money, from time to time, accruing to the Complex.
(3) The fund shall be managed in accordance with guidelines given by the Board and without prejudice to the generality of the power to give guidelines shall in particular contain such provisions-
(a) specifying the manner in which the assets of the Complex are to be held, and regulating the making of payments into and out of the fund;
(b) requiring the keeping of proper accounts and records for the purposes of the fund in such form as may be specified in the guidelines;
(c) securing the accounts to be audited annually by auditors appointed from the list approved by the Auditor-General for the Federation, and requiring copies of the accounts and of the auditor's report to be furnished to the President through the Adviser, immediately after the end of the period to which the accounts relate.