chapter one brief history of the nigerian society of engineers 1.0 ...

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ii) Goodwill gestures and DonationsThe Division shall receive donations and goodwill gestures frommembers and Corporate Organizations.6.6 Financial YearFinancial year of the Division shall run from 1 st July to 30 th June eachyear.6.7 Bank AccountThe Division’s money shall be kept in Bank Account opened in anyreputable Bank in Nigeria. Signatories to the Bank Account shall bethe Chairman ,AND any of Programme Coordinator OR Treasurer.6.8 AuditorsThe Annual General Meeting shall auditors who shall audit t heAccounts of the Division and submit a report annually. The Treasurershall ensure that the audit report is presented at the end of thefinancial year meeting. The EXCO shall nominate an Auditor forAnnual General Meeting`s approval and pay the Audit fees6.9 FINANCIAL AUTHORITIES6.9.1 EXCOThe Division EXCO shall have powers to authorize or approve allexpenditures.6.9.2 ChairmanThe Chairman shall have powers to authorize and also incurexpenditure of up to a maximum of N150,000.00 but with reference toEXCO for ratification.6.10 ImpressThe Secretariat shall maintain a reimbursable or monthly impressaccount of N50,000.00.6.11 PAYMENT6.11.1 Authorized SignatoriesAuthorize Signatories to the Bank Account shall be the Chairman,AND any of Programme Coordinator OR Treasurer.20
6.11.2 ChequesAll payments to outside bodies shall as much as possible be made byCheques duly signed by the authorized signatories to the DivisionBank Accounts.6.11.3 Cash PaymentsCash payment shall as much as possible be limited to internaltransactions6.12 FINANCIAL REGULATIONSi) A special form shall be prepared for application for fund. Fourcopies of such a form shall be completed by applicant whoshall retain the fourth copy, and hand over three copies to theDivision Chairman.ii)iii)iv)The Chairman, after approval, shall retain one copy and handover two copies to the Treasurer for payment. After payment,the Treasurer shall give one copy to Financial Secretary withinone week and retain the last copy.The Treasurer shall not honor any application for fund that hasnot been approved by EXCO or the General Meeting wheresuch an approval is beyond what the Chairman is authorize toapprove.The Chairman shall present any such application in (i) to thenext EXCO Meeting for clearance.v) Any approval made by the Chairman within his limit shall betaken to the next EXCO for ratificationvi)vii)Any violation of this section shall attract a fine to be decided byEXCO and Treasurer shall refund the entire sum involvedin the first instanceAny sum of money advance as impress shall be retired beforeany re-imbursement shall be made. Retirement of impress shallbe to the Treasurer with copy to the Chairman.viii) A comprehensive financial report shall be given to EXCO byevery Committee Chairman at most one month after the activity21
Page 1 and 2: CHAPTER ONEBRIEF HISTORY OF THE NIG
Page 3 and 4: December of every year at a predete
Page 5 and 6: 1.6.17 Promotion Of Engineering And
Page 7 and 8: CHAPTER THREETHE NIGERIAN SOCIETY O
Page 9 and 10: 4.2.7 To promote friendly interacti
Page 11 and 12: 5) There must be at least one activ
Page 13 and 14: 5.3.2 The National Vice ChairmanThe
Page 15 and 16: shall be by secret ballot at the An
Page 17 and 18: 5.3.15 MeetingsAll meetings shall b
Page 19: CHAPTER SIXFINANCES6.1 SourceIn add
Page 23 and 24: CHAPTER SEVENSTANDING COMMITTEES7.1
Page 25: CHAPTER EIGHTAMMENDMENTS AND CAPPIN

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