Finance and Accounts Department

The department sees to the day-to-day running of the ECN in the areas of:

• advice 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 reconciling the schedule thereto to the General Ledger on monthly basis; and ensures 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, 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 Officer 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 (comply with) 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 of the Commission’s Periodic Financial Statements;
• Any other responsibility/duty as may be delegated by the Accounting Officer or by the Accountant-General of the Federation or any other empowered authority to do so.