Section 25 Federal Competition and Consumer Protection Act 2018

Section 25 of the Federal Competition and Consumer Protection Act 2018 is about Annual estimates and expenditure. It is under Part V (Financial Provisions) of the Act.

(1) The Commission shall, not later than 30th September in each financial year, prepare and present to the National Assembly through the President for approval, a statement of estimated income and expenditure for the following financial year.

(2) Notwithstanding the provision of subsection (1), the Commission may also, in each financial year, submit supplementary or adjusted statements of estimated income and expenditure to the National Assembly through the President for approval.

(3) The Commission shall prepare and submit to the President through the Minister, and to the National Assembly, not later than 30th June in each year, a report in such form as the Minister may direct on the activities of the Commission during the immediate preceding year, and shall include in the report, a copy of the audited accounts of the Commission for that year and the auditors’ report on the account.