Bursar

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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
  • Budget and Budgetary Control Unit
  • Payroll/Salary Unit
  • Student Accounts Unit
  • Procurement Unit
  • Stores Unit
  • Treasury/Finance Unit

PROFILE

Profile of the Bursar

Mr. V. N. Anyanwuocha

FCA, FCFIA, MBA, Cert. IFRS

Mr. Venatius Ngozi Anyanwuocha was born on August 30, 1968, in Mpam, Ekwerazu, Imo State, Nigeria. He holds a B.Sc. in Accounting and an MBA in Finance from the University of Calabar. With over 20 years of professional experience, he is a Fellow of ICAN, CFIA, and FOSHA (UK). Prior to his current role, he worked extensively in accounting, banking, auditing, and financial consulting.

As the Chief Financial Officer of the Federal Polytechnic Nekede, he manages financial operations, ensures compliance with statutory requirements, and leads initiatives to enhance efficiency and transparency.

ACHIEVEMENTS

Achievements Recorded So Far

  1. In 2020, He successfully led the implementation of the change to the new Organizational structure in the Bursary Division in line with the new structure advised by the Accountant General of the Federation to all MDAs to restructure the Accounts and Finance departments. It is worthy of note that the Federal Polytechnic Nekede was the first Polytechnic to implement the new organogram.
  2. Ensured the Successful completion of the Audit of the statutory audit of the Polytechnic Nekede for 2018, 2019, 2020 and 2021 financial years. These accounts were in arrears before his assumption of office in 2020.
  3. Successful migration of payment of staff monthly salaries from GIFMIS to IPPIS.
  4. Good working relationship with supervisory, anti-graft and supervisory agencies – OAGF, OAuGF, BOF, FME, NBTE, EFCC, ICPC etc.
  5. Ensured that all approved welfare packages for staff are implemented subject to funds availability.
  6. Successful enrolment of staff into the Integrated Personnel Payroll Information System (IPPIS) and prompt reconciliation and resolution of staff salary issues with IPPIS.
  7. More qualified Chartered Accountants are now available.
  8. Changed manual voucher writing to the printed vouchers to improve hygiene, ease storage, ensure quick retrieval and save cost.
  9. Successful payment of all 2018 and 2019 promotion arrears with minimal complaints.
  10. Introduced several new IGR areas and strengthened control of existing ones to check income leakages. These areas include the Hologram stamp, Polytechnic Tissue Factory, Farm Estates.
  11. Successfully implemented the Stamp Duty Act in February 2020.
  12. Digitalization of the Bursary Division by ensuring that every work schedule is in Excel format.
  13. Pushed for the introduction of the policy of printing both sides of the paper, use of recycled papers to produce drafts, removing the dependence of Polytechnic-owned businesses on the institution for diesel, furniture and stationery supply.
  14. Encouraging professional development of staff through attendance of annual conferences, workshops, seminars, in-plant training etc.