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About the Bursary, Crescent University Abeokuta

The Bursary is the department of the University charged with the main responsibility of managing the financial resources of the institution. The department is under the leadership of the Bursar who is the Chief Financial Officer of the University and is responsible to the Vice-Chancellor for the day-to-day administration and control of the financial affairs of the University.


To be centre of excellence in financial management in the Nigeria University system.


To deploy and train staff of the Bursary Department on how to apply state-of-the-art financial management tools and delivery and technology for effective reporting, delivery, and decision-making.

cuab bursary
cuab bursary office

Functions of the bursary unit

In pursuant of the vision and mission of the University, the bursary unit performs the following functions:

  • Establishment and maintenance of a good internal control system in order to safeguard the university’s assets and liabilities.
  • Establishment and maintenance of proper books of accounts and records for the University’s financial transactions.
  • Preparation, allocation, and control of the University’s Annual Budget for effective management of the University resources.
  • Ensuring that all the Grants and Internally Generated Revenue of the University are properly accounted for in the manner prescribed by the extant financial rules and regulations.
  • Ensuring that all books of accounts are properly maintained.
  • Ensuring that the financial statements of the University are properly prepared and presented for auditing within three months after the end of each financial year.
  • Insurance fund management.
  • Provide relevant information and advice on financial matters.

Bursary Structure

The Bursary Department has recently undergone significant transformation and restructuring, in order to strengthen and position it for better performance. The Department is made up of the Bursar’s office and eleven(11) functional units as follows:

  • Deputy Bursar/ Grant & Endowment Unit.
  • Budget and Expenditure Control Unit.
  • Payable Unit.
  • Payroll, and Pensions Units.
  • Bank Reconciliation Unit.
  • Students and Clinic Accounts.
  • Final Accounts Section.
  • Banking and Procurement Units.
  • Postgraduate School Account.
  • Centre for Sub & External Degree Programme (CESEDEP) Accounts Unit.
cuab bursary office

Meet the Bursary Team

Together with the total 25 staff in the bursary unit, the management staff of the department are:

Alhaji Bankole Jimoh Ayinla (BSC, MBA, FCA,ACTI, MNIM)

cuab bursar

The Bursar at Crescent University, Abeokuta

The name of the Bursar is Alhaji Bankole Jimoh Ayinla ( BSC, MBA, FCA, ACTI, MNIM). He is a graduate of accounting from the University of Nigeria Nsuka. He is a fellow of the Institute of Chartered Accountants of Nigeria and a member Chartered Institute of Taxation, and Nigeria Institute of Management.

He retired from the premier University, the University of Ibadan where he rose from the rank and became Bursar of the Institution for two terms before he retired in the year 2009. He also served as Bursar of Alkimah University Ilorin in Kwara State for three and half years before he joined Crescent University in January 2014.

He has contributed impressively towards the progress and improvement of the University in the area of finance. Alh. Bankole has served and still serving in different educational Committees with the Federal and State Governments.

Deputy Bursar at Crescent University, Abeokuta

The Deputy Bursar is Alhaji Ogunmefun Tirimisiyu Gbadebo also a fellow, chartered Accountant. The Bursary operates with a total of 25 staff.

Alhaji Ogunmefun Tirimisiyu Gbadebo (B.SC., MSC, MBA,FCA ),

cuab deputy bursar