Section 57 Electricity Act 2023
Section 57 of the Electricity Act 2023 is about Audit of the Commission’s accounts. It is under Part V (Establishment, Functions and Powers of the Nigerian Electricity Regulatory Commission) of the Act.
(1) The Commission shall appoint an auditor in accordance with the guidelines for the appointment of auditors issued by the Auditor-General of the Federation.
(2) The accounts kept by the Commission under section 56 (1) of this Act shall be examined by the auditor.
(3) The auditor shall within six months after the end of each financial year, make a report to the Commission on the statement of accounts prepared under section 56 (2) of this Act, and such report shall state whether o7 not, in the opinion of the auditor, the statement of accounts gives a true and fair view of the Commission’s affairs.
(4) The Minister may require the Commission to obtain from its auditor such other reports, statements or explanations in connection with the Commission’s operations, funds and property as the Minister may consider necessary, and the Commission shall forthwith comply with any such requirement.
(5) Notwithstanding the provision of subsection (4), the Minister shall authorise the Commission to publish its audited statement of accounts in two national newspapers within one month following the receipt of the auditor’s report under subsection (3), and the Commission shall publish the statement of accounts in the manner that has been authorised.
