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FINANCE AND ACCOUNT

DEPARTMENT OF FINANCE AND ACCOUNT

The Finance and Accounts Department is one of the four departments in the Ministry of Finance. It is headed by a Director of Finance and Accounts (DFA).

  1. GENERAL FUNCTIONS OF THE DEPARTMENT

 

The general functions of the department include;

  1. The supervision of staff in the department.
  2. Preparation of request for release of funds.
  • Interpreting of financial regulations.
  1. Advising Management on control and management of funds.
  2. Preparation of the Ministry’s Final Accounts/Appropriation. Accounts.
  3. Preparation of relevant periodic financial statements/reports.
  • Assist management in the preparation of Annual budget of the Ministry.
  • Receipts and disbursement of funds of the Ministry.
  1. Preparation of monthly cash budget.

 

  1. STRUCTURE OF THE DEPARTMENT

The department is structured into four sections namely

  1. Treasury Section
  2. Collection of Ministry’s cheques from the office of the PS/Accountant General.
  3. Lodgement of cheques collected to designate Bank Accounts.
  4. Receipts and Disbursement of funds.
  5. Tax Matters.

 

  1. Salary Section
  2. Preparation of Staff Salaries and allowances
  3. Processing of payee Tax certificates, salary updates
  4. Maintenance of staff payrolls, etc.

 

  • Expenditure Control Section
  1. Maintains/keep departmental vote books, Cashbooks, Ledgers and relevant internal control books.
  2. Preparation of payment vouchers
  3. Retirement of payment vouchers, etc.

 

  1. Management Accounts Section
  2. Request for release of funds.
  3. Preparation of monthly, quarterly and annual cash budget of the Ministry.
  4. Preparation of periodic and annual financial reports, Final Accounts/Appropriation Accounts.
  5. Reconciliation of Bank Accounts
  6. Preparation of domiciliary letters, pay advice, documentation contract documents and related financial reports
  7. Response to Audit queries, etc.

 

 

  • PERSONNEL

Biokoro D.A                                                       -Deputy  Director (A/cs)

Ogunje O. E.                                                      -Asst. Chief  Accountant

Adams Nelson                                                   -Principal Accountant

Eyan, E.O. (Mrs.)                                              -Accountant I

Ajamah, EdithNgozi  (Mrs.)                           -Accountant I

Ogana, V. T.                                                       -Senior Exe. Officer

Anomfueme Anthony I.                                 -Higher Exe. Officer A/cs.

EluecheUchenna                                              -Higher Exe. Officer A/cs.

Jagun, John                                                        -Higher Exe. Officer A/cs.

Imuero Patience E.                                          -Higher Exe. Officer A/cs.

AputuAwele Juliet                                            -Higher Exe. Officer A/cs.

Ovie, David                                                        -Executive  Officer A/cs.

Monu, T. Nneka                                                -Chief Secretariat Assistant

Asikuba, S.                                                         -Chief. Clerical Officer

Nwandu M.N. (Mrs.)                                       -Chief Clerical Officer

Igharoro, S.                                                        -Chief  WorksSuperin-tendent

Omokiniovo, E. (Miss)                                                -Clerical Officer II