Directorate of Finance

Vision

To be a model of financial excellence within the higher education sector, recognized for transparency, efficiency, and the responsible management of resources that advance the University's academic mission.

Mission

To provide timely, accurate, and reliable financial services that support effective decision-making, safeguard institutional assets, and ensure compliance with all regulatory and statutory obligations.

Financial Planning & Budgeting

Preparation, coordination, and monitoring of the annual University budget; alignment of resource allocation with strategic priorities; and provision of budgetary control and variance analysis across all faculties, schools, and administrative units.

Financial Accounting & Reporting

Maintenance of accurate books of accounts, preparation of monthly, quarterly, and annual financial statements, and ensuring compliance with applicable accounting standards and the requirements of external auditors and regulatory bodies.

Treasury & Cash Management

Management of the University's cash flows, bank accounts, and investments; ensuring adequate liquidity for operations; and safeguarding funds through robust internal controls and reconciliation procedures.

Student Fees & Revenue Collection

Administration of tuition and other student fees, management of internally generated revenue, issuance of receipts, and maintenance of accurate student financial records in coordination with the academic registry.

Payroll & Staff Emoluments

Timely and accurate processing of staff salaries, allowances, pensions, and statutory deductions, including tax (PAYE) and social security contributions, in line with national legislation.

Procurement & Payments

Processing of supplier payments and expenditure in accordance with procurement regulations, ensuring value for money, proper authorization, and complete supporting documentation for all disbursements.

Grants & Project Accounting

Financial management of research grants, donor funds, and special projects, including dedicated reporting, fund tracking, and compliance with the terms and conditions of funding partners.

Asset & Inventory Management

Maintenance of the fixed asset register, control of stores and inventory, and ensuring the proper recording, valuation, and safeguarding of University property and equipment.

For Students

• Assessment and collection of tuition and fees
• Issuance of official receipts and statements
• Processing of refunds and fee adjustments
• Guidance on payment plans and schedules

For Staff

• Salary and allowance processing
• Reimbursement of approved claims
• Pension and statutory deductions
• Advice on financial procedures

For Departments & Units

• Budget preparation and monitoring
• Processing of requisitions and payments
• Expenditure reports and reconciliations
• Financial advisory support