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.
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.
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.
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.
Mr. A. O. Nwokeocha
|2.||Mr. Sylvester N. Opara||1984-1997|
|3.||Mrs. Chinedum C. Ahiarakwe||1997-2003|
|4.||Mr. Robinson U. Akujobi||2003-2013|
Mr. A. O. Nwokeocha
Deputy Bursar/Coordinator Salaries, Advances and Pensions (SAP).
Deputy Bursar/Coordinator, Final Accounts (FA)
Deputy Bursar/Coordinator Budget and Budgetary Expenditure (BBE).
Chief Accountant/Coordinator, Treasury and Investment (T&I).
Deputy Bursar/Coordinator, School of Agriculture & Agricultural Technology(SAAT)
Deputy Bursar/Coordinator, Fixed Assets Register Unit
Mrs Ebere Nwadike
Budget and Budgetary Expenditure (BBE)
Budget and Budgetary Expenditure (BBE) headed by the Deputy Bursar Mrs. Ebere Nwadike. The units under this division include:-
Mr. Anthony Ugah
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:-
Mr. Augustine Ekeke
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:-
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:
Mr. Desmond Amatobi
Final Accounts (FA)
Final Accounts (FA) headed by the Deputy Bursar/Coordinator Mr. Desmond Amatobi. The Units under this division include:-
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…
Students Accounts Section
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.
The Bursary Department is involved in the clearance of students at the point of graduation. The requirements from students for this purpose include:
Clearance is done at the respective schools’ Bursary Units.
Monday - Friday: 8:00-17:00 Hrs
(Phone until 16:30 Hrs)
Bursary Unit, Senate Building, Federal University of Technology, Owerri, Imo State Nigeria.