Directorate of Internal Audit

Director’s Welcome Address

Welcome to Internal Audit where our core mandate is to provide independent and objective control systems designed to safeguard the University’s financial resources and physical assets.

Mr. Michael Falolu (FCA)
Director, Directorate of Internal Audit.

About Directorate of Internal Audit

Internal Audit is a unit in the office of the Vice Chancellor. In 2004 the first external audit of the University’s accounts and activities recommended the immediate creation of Internal Audit in line with extant prevailing financial regulations. A consultant from the then pioneer external auditor provided the internal audit function until the first Director of Internal Audit was appointed in 2006.

From an initial staff strength of just three, the Directorate currently has twenty-five staff, comprising of sixteen internal auditors and nine support staff.

Internal Audit provides independent and objective assurance designed to safeguard assets through risk-based auditing techniques, guide management on decision making and improve the University’s operations by adding value through our activities, adherence with internal processes, Government financial regulations and circulars geared towards supporting compliance.

The scope of internal auditing within the university covers all activities in the University Village, the Bursary, Directorates, Faculties, Departments, Units, operations of Study Centres, Kaduna Campus and Farms. The key focus is on ensuring the reliability of financial reporting, deterring and investigating fraud, safeguarding assets, and compliance with laws and regulations. Internal auditing frequently involves measuring compliance with the entity’s policies and procedures.

SERVICES AND ACTIVITIES:

The Directorate of Internal Audit is responsible for conducting independent and objective evaluations aimed at strengthening the University’s risk management, internal control, and governance processes.

Prepayment audits – reviewing and verifying all payments before disbursement to ensure accuracy, validity, and compliance with university policies.

Postpayment audits – assessing payments after disbursement to confirm proper authorization, documentation, and value for money.

Retirement of advances – examining the utilization and accountability of funds advanced to staff and departments to ensure proper retirement and compliance.

Payroll audits – reviewing the payroll system to ensure correctness, completeness, and compliance with applicable regulations and approved staff records.

Stock verification – verifying the existence, condition, and accuracy of the University’s assets, inventory, and stores records.

Internal Audit visit to Study Centres – Audit visitations are very important for maintaining quality, accountability, and consistency across all campuses.

Through these activities, the Directorate enhances transparency, promotes accountability, and ensures the effective and efficient use of the University’s financial and ACHIVEMENTS

We continuously minimise the risk of loss to the University from tangible financial and physical asset loss through implementation of robust controls. This prevents financial losses from errors and duplication, maintaining best practice by preventing contravention of statutory regulations.

From our records we created an electronic register of all facilitators engaged by the university covering all the faculties. The register contains over 7,228 names of facilitators. This prevents financial loss through payments to “ghost facilitators”.

From inception we have verified over 1,000,000 course materials & course guides at the Kaduna Central Warehouse and Central Warehouse Abuja, ensuring students get good quality textbooks and value from these educational resources.

Furthermore, we assist students, stakeholders and members of the public particularly from all centers resolve issues. Continuously serving as a bridge between our primary stakeholders, management, departments and faculties through problem solving and investigation.

Staff Profile