(1) The Board shall submit to the Minister in January in every year the following reports—
(a) a report dealing with the operations of and measures taken by the Board during the previous year;
(b) a report showing the audited financial statement of the Board and any report made by the auditor thereon or on the accounts of the Board.
(2) A copy of all such reports shall be laid before the House of Assembly and the Senate within 2 months of its receipt by the Minister.
(3) The Board shall in each year, within such time as the Minister may direct, submit to him or her for approval the estimates of revenue and expenditure of the Board in respect of the next financial year of the Board commencing on 1 April and ending on 31 March.