Rector
Office of the Bursar
Overview of the Bursary Department
The Bursary is responsible for the management of the Polytechnic’s financial activities. It plays a strategic advisory role to the Council and Management while ensuring financial policies and goals are met. Key functions include:
Developing and implementing accounting and financial management systems.
Preparing periodic financial statements in compliance with IFRS.
Maintaining records of the Polytechnic's assets.
Executing annual audits and managing budgets.
Monitoring donor funds to ensure proper utilization.
The Bursary is structured into the following units:
Final Account and Reports Unit
Responsible for preparing the institution’s financial statements and ensuring regulatory compliance.
Budget and Budgetary Control Unit
Manages budget preparation, implementation, and monitors expenditure against allocations.
Payroll/Salary Unit
Handles staff salary processing, deductions, remittances, and IPPIS-related documentation.
Student Accounts Unit
Manages student billing, fee payments, and reconciles students' financial records.
Procurement Unit
Oversees purchasing activities, vendor management, and procurement compliance.
Stores Unit
Maintains inventory, tracks stock levels, and ensures safe storage of procured items.
Treasury/Finance Unit
Handles cash management, bank reconciliations, and institutional financial transactions.
About the Bursar
Mrs. Ojiuko Adanne Chinyere
Mrs. Ojiuko Adanne Chinyere is a seasoned Chartered Accountant and financial expert with over 25 years of experience in both public and private finance management. She holds an MBA in Finance and is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). Before her appointment as the Bursar of the Federal Polytechnic Nekede, she served in various senior finance roles, contributing significantly to institutional financial reforms and strategic fiscal planning.
As the Chief Financial Officer of the Polytechnic, she is responsible for overseeing budgetary operations, enhancing revenue generation strategies, and ensuring compliance with government financial regulations.
Strategic Focus Areas and Ongoing Achievements
Initiated a comprehensive audit review to enhance transparency, accountability, and proper documentation in the Polytechnic’s financial operations.
Commenced automation of key financial workflows to improve efficiency, minimize human error, and fast-track processing of transactions and reports.
Strengthened revenue generation by reviewing and optimizing Internally Generated Revenue (IGR) channels and introducing digital payment tracking systems.
Fostered stronger compliance culture by aligning all financial activities with national public financial management standards and frameworks.
Established new internal controls and checks to mitigate financial risks and eliminate revenue leakages.
Implemented capacity-building programs and continuous professional development for Bursary staff to enhance performance and service delivery.
Promoted a paperless workflow initiative to reduce waste and promote sustainable financial practices across all departments.
Strengthened collaboration with regulatory and supervisory bodies including the Office of the Accountant-General of the Federation, NBTE, and ICPC.
Initiated restructuring of key budget processes to support strategic priorities and optimize resource allocation across academic and administrative units.
Working toward full digitization of payroll management to ensure speed, accuracy, and timeliness of staff payments through IPPIS and e-payment platforms.
Financial & Key Institutional Data
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