Functions of the Department:
- Advise the Accounting Officer on all financial matters as well as the technical provisions of Financial Regulations, other Treasury and Finance Circulars;
- Ensure compliance with IPSAS Accrual Basis of Accounting, Financial Regulations, and the Accounting Codes/Manual;
- Manage proper accounting records such as books of accounts, Main and Subsidiary Ledgers;
- Ensure adequate control and management of the Property, Plant and Equipment Register and reconcile the schedule thereto to the General Ledger on a monthly basis; and ensure Commission’s Assets Management and Accounting;
- Ensure the existence of effective and adequate internal control system to safeguard the assets of the Commission;
- Ensure prompt disbursement to contractors/suppliers and staff using the Government-approved payment mode;
- Ensure that IPPIS department of OAGF timely prepare and pay salaries and remittances of Third-Party deductions simultaneously;
- Ensure monthly preparation and submission of Trial Balance and other Financial Statements in line with International Public Sector Accounting Standards to the Office of the Accountant-General of the Federation on or before 10th of the following month;
- Organize training to equip all staff with relevant skills for the efficient performance of their duties;
- Liaise with the Office of the Accountant-General of the Federation when it becomes necessary;
- Ensure the existence of an effective Audit Query Section to promptly deal with all queries from Internal Audit Department, Office of the Accountant-General, Office of the Auditor-General and Public Accounts Committee, etc;
- Ensure adequate financial control, efficiency, and smooth operations of the financial management;
- Observe due diligence, due process, economy, and cost-effectiveness in the Commission;
- Ensure Revenue, Aids, and Grants Receipts, Remittance, and Reporting;
- Ensure payments of Capital and Recurrent Expenditures promptly;
- Prepare the Commission’s Periodic Financial Statements;
- Perform any other responsibility/duty as may be delegated by the Accounting Officer, the Accountant-General of the Federation, or any other empowered authority.
