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MANAGEMENT AND ORGANOGRAM

The Bursary in its current form is managed by seasoned professional accountants whose varied experiences include investment, public sector accounting and finance, business assurances, taxation and tax management, systems processes and reviews, financial management and cost efficiency.

The key activities of the Bursary are performed through the Bursar’s Office and the Directorates:
The Directorates are:

1. Budget Planning and Control
2. Final Accounts
3. Treasury.

Each Directorate is headed by a Director.

The Directorate of Budget looks after the budget planning, preparation and control. The Bursary operates On-Line-Real-Time Processing System to enhance accurate financial information of the University.
With regard to the University’s financial stewardship to its stakeholders, the Bursary through Directorate of Final Accounts undertakes efficient book-keeping, and renders responsible financial reporting obligations as necessary. It also maintains an efficient archival system, as well as management of insurance system on both the assets and the personnel of the University.
The Treasury Directorate ensures fund mobilization, efficient receipt and payment of money to University stakeholders such as students, staff, service providers, government and many others. The Directorate’s activities also include investment of funds for optimal returns, foreign exchange management and custody of University financial instruments such as investment and treasury certificates and receipts.

FINANCE DEPARTMENT OF THE COLLEGE OF MEDICINE (CMUL)

The Finance Department of the CMUL headed by a Director has a broken line relationship with the Bursary of the Main Campus. The Director who is responsible to the Provost keeps a reporting relationship with the Bursar in terms of budget, grant appropriation and financial statement consolidation.

LEGAL AND REGULATORY ENVIRONMENT.

The legal and regulatory framework of Bursary activities are rooted in the following:
• The Constitution of the Federal Government of Nigeria 1999 as amended
• ´óÏ㽶ÊÓƵ Act 1967 (as amended)
• Finance (Control & Management) Act 1958
• Audit Act 1958
• Public Procurement Act 2007
• Fiscal Responsibility Act 2007
• Financial Regulations of the Federal Government of Nigeria
• Treasury Circulars
• Pension Reforms Act 2014 (as amended)
• Various Tax Act
• Annual Appropriation Acts
• Tertiary Education Trust Fund(TETFUND) Act 2011( as amended)
• International Public Sector Accounting Standards(IPSAS)
• Other directives on financial matters by the Federal Government.
• Council’s approved Financial Regulations.

DOWNLOADS

• • • FUND SOURCES AND UTILIZATION REPORT (JAN. 2020)
    • FUND SOURCES AND UTILIZATION REPORT (FEB. 2020)
    • FUND SOURCES AND UTILIZATION REPORT (MARCH 2020)
    • FUND SOURCES AND UTILIZATION REPORT (APRIL 2020)
    • FUND SOURCES AND UTILIZATION REPORT (MAY 2020)
    • FUND SOURCES AND UTILIZATION REPORT (JUNE 2020)
    • FUND SOURCES AND UTILIZATION REPORT (JULY 2020)
    • FUND SOURCES AND UTILIZATION REPORT (AUGUST 2020)
    • FUND SOURCES AND UTILIZATION REPORT (SEPTEMBER 2020)
    • FUND SOURCES AND UTILIZATION REPORT (OCTOBER 2020)
    • FUND SOURCES AND UTILIZATION REPORT (NOVEMBER 2020)
    • FUND SOURCES AND UTILIZATION REPORT (DECEMBER 2020)
    • FUND SOURCES AND UTILIZATION REPORT (JANUARY 2021)
    • FUND SOURCES AND UTILIZATION REPORT (FEBRUARY 2021)
    • FUND SOURCES AND UTILIZATION REPORT (MARCH 2021)
    • FUND SOURCES AND UTILIZATION REPORT (APRIL 2021)
    • FUND SOURCES AND UTILIZATION REPORT (MAY 2021)
    • FUND SOURCES AND UTILIZATION REPORT (JUNEÌý 2021)
    • FUND SOURCES AND UTILIZATION REPORT (JULYÌý 2021)
    • FUND SOURCES AND UTILIZATION REPORT (AUGUST 2021).Ìý
    • FUND SOURCES AND UTILIZATION REPORT (SEPTEMBER 2021).
    • FUND SOURCES AND UTILIZATION REPORT (OCTOBER 2021)
    • FUND SOURCES AND UTILIZATION REPORT (NOVEMBER 2021)
    • FUND SOURCES AND UTILIZATION REPORT (DECEMBER 2021).
    • FUND SOURCES AND UTILIZATION REPORT (JANUARY 2022).
    • FUND SOURCES AND UTILIZATION REPORTÌý (FEBRUARY 2022).
    • FUND SOURCES AND UTILIZATION REPORTÌý (MARCH 2022).
    • FUND SOURCES AND UTILIZATION REPORTÌý (APRIL 2022).
    • FUND SOURCES AND UTILIZATION REPORT Ìý(MAY 2022).
    • FUND SOURCES AND UTILIZATION REPORT (JUNE 2022)
    • FUND SOURCES AND UTILIZATION REPORT (JULY 2022)
    • FUNDS SOURCES AND UTILIZATION REPORT (AUGUST 2022).