An Agency of the Federal Ministry of Science and Technology
 
 

 

 

 

 

 

 

 

 

FINANCE AND ADMINISTRATION

About Us| Organisational Structure | Finance and Administration

The Finance and Adminstration department headed by Mr. O.A. Oyesanmi, Deputy Director, Finance and Admin, has two major divisions, namely:

  • Account Division
  • Administration Division

Account Division

The Accounts Division is an arm of the Finance and Admin Department of NACETEM.  It started operations as a Division in January 1993 with two pioneer officers. The Operations Department was then one of the three existing departments in NACETEM.  Presently, the Division has a total of ten members ( seven core accounts staff and three admin staff).

Activities

The division involves in the following:

  • Preparation of Annual Budget Estimates: This is to ensure that NACETEM’s     spending is within the budget ceiling and that all expenditures are in   accordance with estimated budget. i.e. salary, overhead, revenue and capital    budget estimates.
  • Maintenance of Detailed Records of Accounts:   All necessary Books of Accounts are kept in accordance with the Financial Regulations, Public Service Rules and extant treasury circulars.
  • Proper Management of Allocated Funds:   This is to ensure that sufficient          funds are available to carry out all the day-to-day activities of the Centre.
  • Rendering of Professional Advice:  Renders professional advice to the  DG/CEO who is the Chief Accounting Officer and to the Management on matters relating to finance and also provide relevant information useful for planning, controlling     and making effective decisions.
  • Designing of Internal Control System:  A good internal control system has been put in place in all sections of the unit to enhance transparency in expenditure of funds and purchase of assets.
  • Rendering of Returns:  This includes monthly, quarterly, bi-annual returns, transcript of accounts, receipts and payments of public funds to OAGF and FMST Abuja.
  • Providing Useful Information to Stakeholders:   We provide useful information to the External Auditors, Tax office , FMST, Bankers, Government and other interested parties.    
  • Ensuring Strict Compliance with Financial Rules and Regulations:  Provision of Financial Report and treasury circulars are being faithfully implemented. This is in order to guard against any embarrassments from financial monitoring agencies like EFCC; ICPC, etc.

Administration Division:

The Administration Division is essentially saddled with the mandate of facilitating  the day-to-day running of the Centre by the Director-General/CEO.  This mandate is translated into the following major activities:

  • To interpret and implement government circulars.
  • To ensure strict compliance with the rules and regulations, especially as spelt out in Public Service Rules.
  • To create rooms for development of staff.
  • To take the Centre’s Administrative activities to a higher level of technology by creating a paperless environment.
  • To create a conducive working environment for members of staff.
  • To ensure that the welfare of staff is adequately and promptly attended to.
  • To sensitize the public on the Centre’s training programmes/activities via creation of awareness and proper marketing.
For further enquiries please contact:

Account Division
Bolanle Egbe
Tel: 08033177429
E-mail: bola.egbe@nacetem.org

Administration Division
Olawale Akintayo
Tel.08033842162
E-mail: taolawale@yahoo.com or akintayo.olawale@nacetem.org


 
 

All information copyright © NACETEM
Tel: +234 805 200 1242 | Email:dg.ceo@nacetem.org | Headquarters, Obafemi Awolowo University Campus, PMB 012,
Ile-Ife, Nigeria.