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Bursary

Bursary department is an integral part of the administrative machinery of the University and it is charged with the responsibility of managing the finances of the University.

The Department is headed by the Bursar who is the Chief Financial Officer of the University and responsible to: the Vice-Chancellor for the day to day administration and control of the financial affairs of the University. AAUA Bursary is poised for excellent service delivery.

A department whose vision is driven by core corporate governance, principles of probity, proactiveness, transparency and adoption of best practices in institutional financial management. To achieve this vision, the department is structured into divisions for easy administration and effective supervision, with each division having well-defined functions.

The divisions are Accounting Services Division, Treasury and Student Services Division, Resources Management Division, Management Services Division and the Central Stores Division. The department is manned by seasoned, tested and trusted professionals with proactive disposition to emerging challenges.

The staff strength is made up of 51 senior staff, including eight Chartered Accountants and 28 junior and support staff. Our community of staff continues to make its little contributions to the pursuit of transparency and probity in the good management of corporate finance resources of the University.

Join us in the march towards evolving a 21st Century University, properly called.

Bursar

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Structure of Office
Role and Functions
Other Information

Our Structure

ORGANISATION OF THE BURSARY DEPARTMENT

For effective performance of duties  the Bursary Department is subdivided into Divisions and Sections/Units headed as follows.

i Accounting Services Division – Mr. F.O. Ige Chief Accountant
ii Treasury and Student Services Division – Mr. A.T. Orina Chief Accountant
iii Management Services Division – Mr. M.S.O. Shittu Principal Accountant
iv Resources Management Division – Mrs. E.E. Ola Senior Accountant
v System Division – Vacant Chief Programmer
vi Central Stores Division – Mr. F.O. Fawehinmi Chief Supplies Officer

Our Roles

Role and Functions

The role and functions of the Bursar are as stated in the Adekunle Ajasin Law of 22nd November, 2007 

OTHER FUNCTIONS OF THE BURSAR

 

The other functions of the Bursar include the following:

  1. The Bursar shall normally receive, on behalf of the University Council, grants, subventions, revenues, gifts payable/donated to the University and his receipt shall be a sufficient discharge for the same.
  2. The Bursar shall be responsible to the Vice Chancellor for the safe custody and proper disposition of all University funds and assets.
  3. The Bursar shall maintain proper and adequate records of Income and expenditure, assets and liabilities and report periodically to the Vice Chancellor on the finances of the University. The Bursar shall not honour verbal directives for release or disposition of the university’s Assets.
  4. The Bursar, as the Chief Financial Officer of the University is responsible to the Vice Chancellor, and shall exercise professional superintendence over all the accounting staff of the University. He shall be responsible for ensuring that the accounts of the University are prepared in accordance with the University Law, statute and professional standards.

While it is necessary to avoid bureaucratic processing, it is mandatory to operate within certain rules and norms to save individuals, the University, and the State from mental rigour often occasioned by fraud, abuse and malpractices. Events continue to support the need for laid-down procedures even if only for the purposes of orderliness, efficiency, and reliability of stewardship.

The Department is currently headed by a Bursar in the person of  Mr. A.O. Fashakin who is currently on terminal leave.  For this reason, Mr. O.T. Akinterinwa was appointed to head the department in an acting capacity.  He holds B.Sc in Accountancy, PGD in Computer Science, MBA and FCA.  His e-mail Address is: [email protected]

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