Section 3: Financial provisions

(1) The Council shall maintain a fund from which shall be defrayed all expenditure incurred by the Council.
(2) There shall be paid and credited to the fund-
(a) such sums as may be provided by the Federal Government for the purpose of this Act by way of grants; and
(b) such other funds or moneys as may from time to time accrue to the Council.
(3) The Council shall keep proper accounts in respect of each financial year, and proper records in relation to those accounts and when certified by the Council shall be audited within six months after the end of the financial year to which the accounts relate by auditors appointed by the Council from the list and in accordance with guidelines supplied by the Auditor-General for the Federation.