Section 30 Nigeria Revenue Service (Establishment) Act 2025

Section 30 of the Nigeria Revenue Service (Establishment) Act 2025 is about Accountability. It provides as follows:

The Executive Chairman of the Service shall –
(a) keep proper accounting records in a manner determined by the Board or relevant law, in respect of all –
(i) revenues and expenditure of the Service,

(ii) its assets, liabilities and other financial transactions, and
(iii) other revenues collected by the Service, 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 Service 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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