The Bursary Unit

Welcome Message from the Bursar

Welcome to Bursary Department of the Federal University of Technology, Owerri; the financial management hub of the University. The Department performs the Financial and Accounting functions of the University and it is also charged with the responsibilities of maintaining financial records, rendering financial services and managing financial resources through the efficient application of accounting procedures, principles and standards.

The Department is headed by the University Bursar, who is the Chief Financial Officer of the University and is responsible to the Vice Chancellor for the day-to-day administration, control and supervision of the financial matters of the University. The Bursar is a member of the University Management and is ably assisted by Deputy Bursars and Unit Heads.

Vision

The Vision of the Bursary Department is to fully computerize operations with highly skilled staff through training and retraining programmes, driven by professional excellence to achieve speed and accuracy in the responses to the information and financial needs of the University Community in conformity with Government and University Financial Rules and Regulations.

Mission

The Mission of the Bursary Department is to provide effective and sound financial management that will recognize the core values of financial integrity, Accuracy, Accountability and ethical culture of providing prompt and satisfactory service with discipline, probity and professionalism.

Our History

The queen and servant of every organization, the Bursary Department took off with the rest of the key units of the new University administration on January 1981 under the initial headship of Mr. A.O. Nwokocha as the Acting Bursar.

The Department had an initial total 20 staff members who were located mainly at the ground floor of what served then as the seat of the University administration at plot 94 Ikenegbu Layout Owerri. The Bursary was comprised of five sections namely Cash Office, Payroll, Main Accounts, Estimates and Expenditure Control. The Student Accounts section was created in 1982/83 when the University opened its doors to the first set of students.

The Bursary joined other units of the University in moving to the permanent site in 1993 and was initially located at the SEET Workshop II. Thereafter, spaces were allocated to the department at SEET and SOSC buildings.

The Bursary Department with initial staff strength of about 20 in 1981, the department now has total staff strength of about 160 and currently occupying the Bursary wing of the Senate Building. The Department has 5 divisions each headed by a Deputy Bursar, serviced by a well established secretariat. The divisions are Budget and Expenditure (BBE), Treasury and Investment (T&I), Salaries, Advances and Pension (SAP), Student Accounts (SA) and Final Accounts (FA) with many units. Also Central Stores has a line relationship to the Bursary Department, reporting directly to the Bursar.

The Department under the amiable leadership of the Bursar is fortunate to have seasoned professionals who are passionate about their work and committed to the University Vision and Mission.

Headship of the Bursary

S/N	Names	Duration
1.	Mr. A. O. Nwokeocha	1981-1983
2.	Mr. Sylvester N. Opara	1984-1997
3.	Mrs. Chinedum C. Ahiarakwe	1997-2003
4.	Mr. Robinson U. Akujobi	2003-2013
5.	Mr. A. O. Nwokeocha	2013-2018
6.	Mrs. Helen Onuoha	2018 to-date

Deputy Bursars and their Responsibilities

Mr Augustine Ekeke
Deputy Bursar/Coordinator Salaries, Advances and Pensions (SAP).
Mr Desmond O. Amatobi
Deputy Bursar/Coordinator, Final Accounts (FA)
Mr Christopher A. Okechukwu
Deputy Bursar/Coordinator Student Accounts (SA)
Mr Kenneth C. Ejike
Deputy Bursar/Coordinator Budget Unit.
Miss Ifeoma E. Mgbenu
Deputy Bursar/Coordinator Post-Graduate School.
Mrs Ebere Nwadike
Deputy Bursar/Coordinator Budget and Budgetary Expenditure (BBE).
Mr Anthony Ugah
Chief Accountant/Coordinator, Treasury and Investment (T&I).
Mrs Angela Okoro
Deputy Bursar/Coordinator, Centre for Continuing Education (CCE).
Mr Fidel Njoku
Deputy Bursar/Coordinator, School of Agriculture & Agricultural Technology(SAAT)
Mr Ifeanyi Ekenta
Deputy Bursar/Coordinator, Fixed Assets Register Unit

Functions of the Bursary Unit

The Bursary Department performs the Financial and Accounting functions of the University. The Department has the function of maintaining financial records, rendering financial services and managing the financial resources of the University.
The Bursary Department has the responsibility of efficient application of accounting principles, concepts, conventions as well as best practices and procedures.
The Department provides efficient and sound financial management, management of key University financial establishment and records provide guidance towards establishing appropriate fiscal policies and practices.
The Bursar as the head of the department is the Chief Financial Officer of the University and is responsible to the Vice Chancellor for the day to day administration and control of the University finances and gives advice on extant financial regulations and rules.

Divisions and their Heads

Mrs Ebere Nwadike
Deputy Bursar/Coordinator

Budget and Budgetary Expenditure (BBE)

Budget and Budgetary Expenditure (BBE) headed by the Deputy Bursar Mrs. Ebere Nwadike. The units under this division include:-

Budget Unit, Headed by Mr. Kenneth Ejike (Deputy Bursar/Coordinator).
Contract and Services Unit, headed by Mrs. Uche Obih (Chief Accountant).
Fixed Assets Register Unit, headed by Mr. Ifeanyi Ekenta (Deputy Bursar/Coordinator).

Mr. Anthony Ugah
Chief Accountant/Coordinator

Treasury and Investment (T&I)

Treasury and Investment (T&I) headed by the Chief Accountant/Coordinator Mr. Anthony Ugah. The units under this division include:-

Receipt and Payment Unit, headed by Mr. Okechukwu Okpo (Chief Accountant)
Reconciliation Unit, headed by Mrs. Ebere Nwadike (Deputy Bursar).
Cash Book, headed by Mr. Jude Ibe (Senior Accountant).

Mr. Augustine Ekeke
Deputy Bursar/Coordinator

Salaries, Advances and Pension (SAP)

Salaries, Advances and Pension (SAP) headed by the Deputy Bursar/Coordinator Mr. Augustine Ekeke. The units under this division include:-

Personnel Emoluments, headed by Mr. Tochukwu Opurum (Senior Accountant.
Pension/Insurance, headed by Mr. Okechukwu C. Oji (Chief Accountant).
Loans and Advances, headed by Mr. M.D. Essien (Chief Executive Officer).

Mr. Christopher Okechukwu
Deputy Bursar/Coordinator

Student Accounts

Students Account headed by the Deputy Bursar/Coordinator Mr. Okechukwu Christopher. The Units under this division include the Bursary section in all the Schools and Centres as follows:

SAAT headed by Mr. Fidelis Njoku (Deputy Bursar/Coordinator).
SEET headed by Mrs. Kelechi Aniekwe (Chief Accountant).
SMAT headed by Mrs. Joy Nwachukwu (Chief Accountant).
SOHT headed by Mr. Clifford Okereke (Chief Accountant).
SOES headed by Mr. Austin Awu (Chief Executive Officer).
SOBS headed by Mr. Mark Chukwudi (Chief Executive Officer).
SOPS headed by Mr. Gibson Anele (Chief Accountant).
School of Information and Communication Technology (SICT) Vacant.
Post-Graduate School headed by Miss Ifeoma Mgbenu Deputy Bursar/Coordinator.
Centre for Continuing Education (CCE) headed by Mrs. Angela Okoro (Deputy Bursar/Coordinator).
Health Services, headed by Mrs. Christiana Orji.

Mr. Desmond Amatobi
Deputy Bursar/Coordinator

Final Accounts (FA)

Final Accounts (FA) headed by the Deputy Bursar/Coordinator Mr. Desmond Amatobi. The Units under this division include:-

Final Accounts, headed by Mr. Augustine Iwualla (Chief Accountant).
Financial Reports headed by Pastor Solomon Ezeonye (Chief Accountant/Coordinator).

Responsibilities

Budget and Expenditure Section

This section is made up of:

Budget Unit
Expenditure Control Unit
Fixed Assets Unit

Cash/Treasury and Investment Section

This section is subdivided into two to comply with sections of the financial regulations which require separation of staff that pay or receive money from those who keep and reconcile the records of the financial transactions.

Salaries, Advances and Pension Section

For control purposes, the Bursary does not put any person on the payroll unless there is a receipt of a copy of that person’s letter of appointment and an appropriate report that the person has assumed duties…

Final Accounts Section

The specific functions of the unit are:

Prepare and report on management account and financial statement.

Students Accounts Section

This unit interfaces with the students of the University through the various School Accounts Sections for their Financial Matters during their stay at the institution.

Central Stores Section

The unit exists to ensure the effective use of available resources of the University by stocking items needed for day to day use in the office. The stores also serve as suitable places for safekeeping of non-stock items bought that may not be for use immediately.

Clearance Requirements

The Bursary Department is involved in the clearance of students at the point of graduation. The requirements from students for this purpose include:

Clearance Form originating from the Head of Department of the Student duly stamped and signed.
All fee Receipts from year one to final year, which must include School Fee, Alumni fee and Convocation Receipts.
There must be pre-confirmation of online receipts where the student is expected to present:
- Portal Receipt of fee paid and
- Bank print out of the fee paid.

Clearance is done at the respective schools’ Bursary Units.

Working hours

Monday - Friday: 8:00-17:00 Hrs
(Phone until 16:30 Hrs)

We are here

Bursary Unit, Senate Building, Federal University of Technology, Owerri, Imo State Nigeria.
PMB 1526
Email: bursar@futo.edu.ng

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