Saturday, July 27, 2024

Directorate of Finance and Accounts

The Directorate of Finance and Accounts' mandate is to ensure compliance with the following Government and the Administration's accounting policies:

Director Of Finance and Accounting

Group Captain EN Abu

Chronicle of Directors

Air Commodore OO Obadebo

4th November 2015 -18th July 2016

Wing Commander A Samaila

18th July 2016 – 12th January 2017

Air Commodore ML Sini

12th January 2017 – 16th May 2017

Air Commodore IO Yahaya

16th May 2017 – 14th April 2021

Air Commodore GN Udoh

14th April 2021 – 6th January 2023

Air Vice Marshal BOC Ifeobu

6th January 2023 – 21st July 2023

Group Captain EN Abu

21st July 2023 Till Date

About the Directorate

a. Financial administration of all monies, grants, financial assistance, and foreign aids from bilateral and multilateral agencies paid or credited into the DSA Fund as established by the DSA Act2016.

b. Financial administration of all monies as may be appropriated for the DSA Fund by the National Assembly.

c. Financial administration of all funds as may be appropriated for the recurrent and capital expenditures of the DSA by the National Assembly.

d. Financial administration of all such other funds released by the Federal Government of Nigeria for running of the DSA.

Roles

a. Maintenance of all bank accounts operated for the management of the Administration's Funds.

b. Maintenance of all books of accounts opened for the Administration's accounting records.

c. Receipt and disbursement of all funds allocated, paid or credited into the Administration's account as approved by the Chief of Defence Space Administration (CDSA).

d. Timely rendition of monthly and annual returns on all funds released to the Administration to the relevant agencies

e. Preparation and submission of annual budgets of the DSA.

f. Performance of any other task as may be assigned by the CDSA.

i. Co-ordinate astronautics training and operations for space explorations.

Achievements

a. Carried out the prompt payment of an interim salaries and allowances of the employed staff of the Administration within the period under review.

b. Engaged and gotten an approved salary structure for DSA employees from the National Salaries Income and Wages Commission (NSIWC).

c. Complied with the guidelines of the Federal Government in the payments of all approved transactions of DSA from the GIFMIS and REMITA platforms with no provisions for cash transactions.

d. Paid all approved expenditures of the Administration based on available funds.

e. Carried out the preparation, submissions and defence of all DSA Proposed Annual Budgets using the online Budget Template in conjunction with the Directorate of Support Services (DOSS),Directorate of Procurement (D PROC )and other directorates of the Administration.

f. Strived to implement compliance with the Bureau of Public Procurement (BPP)as regards public procurement in line with the Public Procurement Act (PPA) of Nigeria in conjunction with DOSS and D PROC.

g. Liaison with the Ministry of Defence (MOD),Ministry of Finance Budget and National Planning (MOFBNP), OAGF and the Central Bank of Nigeria (CBN) for the release of funds appropriated to DSA.

h. Established an internal control system in the directorate to help reduce issues hindering procurement planning processes.

i. Attending to audit queries arising from OAuGF office.

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