ABOUT

ACTIVITIES OF THE UNIT

  • Production and submission of Financial Statements and Quarterly Financial Reports on Capital Projects, Recurrent Grants/Expenditure, Internal Development Funds (IDF), to the University Management, Council, NUC, Office of the Accountant General of the Federation, Office of the Auditor General for the Federation, Federal Ministries of Education and Finance.
  • Preparation of Annual Recurrent and Capital Budgets of the University based on the Federal Government grants and the Internal Development Funds (IDF).
  • Keeping and maintenance of up to date records of the University finances in accordance with relevant Financial Rules and Regulations.
  • Prompt processing and payment of duly approved staff and contractors claims.
  • The University’s Assets were fully insured with reputable Insurance Companies.
  • There had been prompt processing and payment of monthly pension allowances to all the University existing pensioners now transferred to PTAD
  • Reconciliation of cash books, with related bank statements and other accounting records have been carried out.
  • There have been prompt payments of staff salaries and allowances.
There was prompt and up to date remittance of all government taxes such as Withholding Tax, Value Added Tax and PAYE. All other staff salary deductions had been fully remitted to the relevant Unions and organizations. Equally, all staff request for Tax Clearance had been adequately attended to