Bursary Department

Head, Bursar

A bursary department's functions include: • Financial management: The bursary department is responsible for all financial activities of a institute, including collecting, keeping, and disbursing funds. They also prepare and control budgets, establish internal controls, and manage financial transaction records. • Financial records: The bursary department maintains financial records for the institute. They also provide financial services and manage the institute's financial resources. • Compliance: The bursary department ensures that the institute management complies with government financial policies and regulations. • Accounting: The bursary department interprets, operates, and maintains the institute’s accounting system. They also prepare the institute’s financial statement. • Payroll and tax management: The bursary department is responsible for payroll and tax management, including pensions. • Procurement and stores: The bursary department is responsible for procurement and stores. Staff advances management: The bursary department is responsible for managing staff advances, such as personal, touring, and special loans.

Presently, the Institute is headed by an Acting Bursar; Mrs. B.B. Ilawole.