The Audit

The Internal Audit department being a specialized department, checking the revenue and disbursement of the University fund. The department worked based on rules and regulations enacted by; Federal, State, NUC, TETFUND and all other Government agencies that supervise also input and output to Tertiary Educational institution e.g JAMB, NYSC, WAEC, NECO etc.

Internal Audit Functions
The functions of Internal Audit are many and these include but not limited to the following;

1. Maintenance of an adequate check against fraud and misappropriation;
2. Verification of assets and liabilities at regular intervals
3. Examination and constant scrutiny of all system of authorization of payment to ensure an adequate control of expenditure
4. Concerned with measuring and evaluating the continuous effectiveness of internal control system
5. Ensure that various policies as put in place by the management are strictly adhered to
6. That the information required by the management to manage effectively is reliable and complete
7. Periodic examination of internal checks to ensure the highest possible standards of accuracy and efficiency
8. Review of accounting system and related internal controls
9. Examination of financial and operational information for management, including detailed testing of transactions and balances
10. Review of the economy, efficiency and effectiveness of operations and the functioning of non-financial controls
11. Review of the implementation of corporate polices, plans and procedures
12. Special investigations
13. Pricing and Advance Monitoring

Composition of Internal Audit

In carrying out its functions as highlighted above, the Internal Audit Department is made up of the following units and staff:

HOD and General Office

S/N	Name	Designation	Post	Remark
1.	Mr. Abdullah Olubunmi	Deputy bursar	Head Audit
2.	Mrs. Fayemi Kehinde O.	Assistant Chief Secretary	Member	Registry Staff
3.	Mrs. Ogbodu Afolashade F.	Chief Clerical  Officer	Member	Registry Staff
4.	Mr. Mulero Oyeyemi A.	Assistant Chief Clerical Officer	Member	Registry Staff

Systems and Investigation Unit

S/N	Name	Designation	Post
1.	Mrs. Essang Rosemary O.	Chief Internal Auditor	Ag. Head of Unit
2.	Mrs. Oyelaja Bukanla  F.	Chief Internal Auditor	Member

Pre-Audit Unit

S/N	Name	Designation	Post
1.	Mrs. Otegbayo Monisola O.	Asst. Chief Exec. Officer	Head of Unit
2.	Mr. Kukoyi Hakeem A.	Asst. Chief Exec. Officer	Member
3.	Mrs. Garba Adeola A.	Asst. Chief Exec. Officer	Member

Post-Audit Unit

S/N	Name	Designation	Post
1.	Mr. Alliyu Sakiru A.	Chief  Exec. Officer	Head of Unit
2.	Miss Babarinde O. Adenike	Chief Exec. Officer	Member
3.	Mr. Ajuwape Oluwaseun S.	Principal Exec.  Officer l	Member

 Pricing and Advance Monitoring Unit

S/N	Name	Designation	Post
1.	Mr. Awolaja Babatunde A.	Chief Exec. Officer	Head of Unit
2.	Mrs. Akindele-Oscar O. A	Asst. Chief Exec. Officer	Member

Outstation Service Unit

S/N	Name	Designation	Post	Station
1.	Mrs. Ogunsanwo Mariam O.	Chief Internal Auditor	Resident Auditor	Health Services
2.	Mrs. Salami Olufunmilola M.	Chief  Internal Auditor	Resident Auditor	CENVOS
3.	Miss Oyeneye Olubunmi  T.	Chief Internal Auditor	Resident Auditor	VENTURES
4.	Mrs. Akinsanya Bukunola T.	Chief Internal Auditor	Resident Auditor	CEPPS
5.	Mrs. Sogbesan Abosede R.	Asst. Chief Exec. Officer	Resident Auditor	Procurement

Residents Internal Auditors to Colleges and Centres

Since Internal Audit staff strength cannot be compared with Bursary staff department strategic posting of Resident Internal Auditors to high risk areas of the University operations was employed . Some of the areas were indicated in the table above. However, consideration is on-going to replicate similar strategy in Exam and Records Unit of the University.

Conclusion

From the foregoing the University is on the right path; internal staff is at the helm of affairs and with this; proper arrangement, assignment which will be home-grown and sustainable had started to emanate since the inception of the University.