Finance & Accounting Department

 

This Ministry is much smaller than most Federal Ministries and therefore, there is slight variation in the structure of the Accounts Division as compared to what is obtainable in larger Ministries. The Sections/Units are tailored to meet-up with the size of the Ministry.
 

MANDATE OF THE DEPARTMENT

  • Major duties performed by the Department on behalf of the Ministry are as listed below:-

  • Keeping and maintaining the Bank Accounts for the Ministry;

  • Collate and prepare the Budgetary provisions for all the Departments of the Ministry;

  • Management of the Financial resources of the Ministry including various responsibilities for the collection, custody and disbursement of the financial resources of the Ministry;

  • Maintenance of appropriate Books of Accounts as required by Law including the Financial Regulations;

  • Offering the necessary advice and guidance to the management on matters relating to issues of financial and professional Accounting;

  • Relating with the Office of the Accountant-General of the Federation, the Federal Ministry of Finance, Budget Office of the Federation, Central Bank of Nigeria, Federal Inland Revenue Services and other financial institutions on issues and matters concerning the management of the finances of the Ministry;

  • Deployment and Management of Accounts Personnel servicing in the Department;

  • Ensuring timely and up-to-date rendition of monthly transcript, Returns of Expenditure and Revenue, and Bank reconciliation statement to the Office of the Accountant-General of the Federation;

  • Ensuring prompt payments of staff salaries, other claims and settlement of contractors bills;

  • Attending to Internal/Federal Audit Queries;

  • Performing any other ad-hoc duties and assignments that may be assigned to the Department from time to time by the management.

 

STRUCTURE AND STAFFING

The Finance and Accounts Department comprises mainly of Accounts and Budget Divisions. The Director, Finance and Accounts is the overall head who is usually being posted from the Office of the Accountant-General of the Federation. The Deputy Director, Accounts oversees the affairs of the Accounts Division while the Deputy Director, Budget Division also oversees the affairs of the Budget Division of the Ministry.
 

 

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