DEPARTMENT: Finance and Accounts

Overview

Finance and Accounts is saddled with the responsibility of receipt, custody, disbursement and accounting of all funds received and expended by the institute. It provides financial advice to the Director General, Management and other staff.

Other financial services rendered include handling and management of financial aspects of all NILDS’ collaboration with International Development Partners.

 

Functions of the Division

Finance and Accounts is saddled with the responsibility of receipt, custody, disbursement and accounting of all funds received and expended by the institute.

It provides financial advice to the Director General, Management and other staff.

Handling and management of financial aspects of all NILDS’ collaboration with International Development Partners.

Structure of the Division

Budget & Cash office

The functions of the Budget & Cash office are as listed below: Preparation of annual budget Monitoring of Budget Performance and variance analysis Disbursement of funds and cash handling Liaising with Commercial Banks.

Final Accounts Unit

The functions of this unit are as listed below: Preparation of statutory financial statements and reports to the Office of Accountant-General of the Federation. Preparation of other financial reports to Management and the Institute’s Governing Council Bank Reconciliation reports Attending to external Auditors by providing necessary records and materials Program budgets and other ancillary services

Inventory Control

The Unit carries out the following functions: Receipt and custody of materials and supplies ordered by the institute Attend to stationaries’ and other requests made by Departments Issuance of materials and supplies to Departments Determining re-order levels of store items and advising management accordingly. Other routine Accounting functions bordering on payments, salaries, pension and other statutory deductions and remittances are handled across the units of the Division.

Director of the Department

Mr. Mshelia Madu Ibrahim

A Fellow of the Institute of Chartered Accountants of Nigeria is presently the Director of Finance and Accounts. He is also a fellow of the chartered Institute of Administrators of Nigeria, associate member, chartered Institute of Taxation of Nigeria and many.

He was the project Internal Audit Manager of the Policy Analysis and Research project from 2007 to 2012, the precursor project of the National Institute of legislative and Democratic studies. Until his appointment as the DFA in 2019, he was the Deputy Director finance and Administration from 2012 to 2019. Born on 25th April 1965 in Biu Local Government of Borno State is married with children.