Bursary Department

Notification for the commencement of Fixed Assets Verification Exercise

The Fixed Assets Management Unit is a newly created unit in Bursary Department. It is saddled with the responsibility of capturing, verifying, tracking, maintaining and determining depreciation of all the university fixed assets in line with the International Public Sector Accounting Standards (IPSAS 17).

Since the creation of the unit, it has been observed that the fixed assets register of the university required to be updated to comply with the recent circular received from the federal government.

            In view of the above, I write to notify the university community that the Fixed Assets Management Team will soon commence physical verification of university’s assets across faculties, departments, units and centres.

I, therefore, seek for your maximum cooperation for the successful outcome of the exercise.