Finance Department

About The Finance Department

We maintain a well-staffed and resourced Finance Department, which accounts for, harmonizes, and ensures proper management of the Institute’s financial resources and functions.

The Finance department supports the various projects and teams of the Institute, while putting in place measures for controlling and safeguarding the Institute’s assets. To achieve this, the department has two units namely, Financial Services Unit and Financial Reporting, Budgets & Management Information System (MIS) Unit.

1. Financial Services The Financial Services Unit focuses on the provision of a general payment system for the organization. It also takes care of a range of ancillary financial services, including the operation of the staff payroll, and other related payments. This unit records and handles expenditure including payment of allowances, and other operational obligations.
2. Financial Reporting, Budgets & Management Information System

The Financial Reporting Unit generates and provides financial reports to the Institute, various donors/grantors, and the public to ensure compliance with relevant statutory requirements. It coordinates the preparation and execution of various grant budgets. The unit also monitors budget appropriation and actual expenditure to ensure compliance with donor requirements.

The Finance Department is headed by the Finance Director with support from two-unit heads; regional, state and head office finance officers and staff members.

Unit contact email: [email protected]

About The Financial Services Unit

The Financial Services Unit operates a system for recording all receipts and payments in accordance with the organization’s standard operating procedures. It is responsible for the provision of a general payment system for the organization and for a range of ancillary financial services.

This includes the operation of staff payroll, book keeping, account receivables, and payables for the organization. The unit also provides the financial data used for financial reporting.

Our key functions include:

• Payroll: Handling pay-wages/salaries, pay slips, leave obligations, PAYE withholding for staff etc.
• Receivables: Responsible for invoicing, banking, raising advances for staff, keeping records of aged debtor’s ledger and unretired advances.
• Payables: Responsible for all the organization’s payment. Functions include processing suppliers' invoices, printing of cheques, bookkeeping, maintaining an aged debtors' ledger.
• Funds Management: Engaged in funds management, monitoring, and provision of useful information to management on the Institute’s cash position to aid strategic decision making.

Unit contact email: [email protected]