Section 22 Joint Revenue Board of Nigeria (Establishment) Act 2025

Section 22 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Accountability. It provides as follows:

The Executive Secretary of the Board shall –
(a) keep proper accounting records, in a manner as may be determined by the Board or relevant law, in respect of all –

(i) revenues and expenditures of the Board,
(ii) its assets, liabilities and other financial transactions, and

(iii) other revenues earned by the Board, including income on investments;

(b) prepare an annual report, including financial statements, in accordance with generally accepted accounting principles and practices ; and

(c) ensure that the available accounting resources of the Board are adequate and used economically in the most effective and efficient manner, and the accounting and other financial records are properly safeguarded.

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