Section 328 Investments and Securities Act

Section 328 of the Investments and Securities Act 2025 is about Accounts and audit. It is under Part XVII (Establishment, Jurisdiction, Authority and Procedure of The Investments and Securities Tribunal) of the Act. It provides as follows:

(1) The Tribunal shall keep proper accounts of its receipts, payments, assets and liabilities and shall submit the accounts annually for auditing by a qualified auditor appointed from a list of auditors and in accordance with the guidelines supplied by the Auditor-General for the Federation.

(2) The Tribunal shall cause to be prepared, not later than 30 September in each year, an estimate of its income and expenditure during the succeeding year and when prepared, be submitted to the Minister and the National Assembly.

(3) The Tribunal shall prepare and submit to the Minister, a report in such form as the Minister may direct on the activities of the Tribunal during the immediate preceding year and shall include in the report, a copy of the audited accounts of the Tribunal for that year and the auditors’ report on it.