Ondo State Financial Regulations – Ondo State Bureau of Public Procurement

These Financial Regulations are made and issued by the Treasury Board of Ondo State of Nigeria in exercise of the powers vested in the Treasury Board by Section 7(1) of the Public Administration Law, Cap.122 of the Laws of Ondo State of Nigeria, 2006.

Ondo State of Nigeria Financial Regulations are issued to make provision for regulating the management of the financial business of the government and apply to the control and use of public money and stores as defined in Section 2(1) of the Public Administration Law, Cap. 122 of the Laws of Ondo State of Nigeria, 2006 by members of Ondo State Public Service. They are also intended to regulate Federal funds and stores in so far as they fall to be handled by members of the State Public Service.

Nothing in these Financial Regulations can over-rule or impair any obligation laid on any person neither by any Ordinance, Act or Law nor in particular the responsibilities of the Auditor-General and the Accountant-General under the Public Administration Law, Cap. 122 of the Laws of Ondo State of Nigeria, 2006.

Ondo State of Nigeria Financial Regulations do not apply to Local Governments. The Financial Regulations for Local Governments are embodied in a separate publication entitled ‘Government Financial Memoranda’.

Where there is any conflict between any regulations or circular previously issued and these Financial Regulations, the latter will prevail. Except in regard to purely transitory matters, circulars amending these Regulations will be incorporated as soon as possible in formal amendment slip or by the reissue of revised Chapters or pages (vide Regulations 01007 (c).

It is mandatory for officers on GL. 08 and above to procure Financial Regulations and other regulatory books; and acquaint themselves with their contents. However, office copies are to be provided to enable officers have access to them.

Each Financial Regulation has been given a number containing five digits of which the first two indicate the chapter and the last three the number of the individual Financial Regulation within the chapter e.g. Financial Regulation Number 14011 is the eleventh Financial Regulation in Chapter 14. This arrangement provides for the inclusion of the number of Regulations up to nine hundred and ninety-nine in any one chapter.

(a) The Financial Regulations should be amended in the normal administrative methods when necessary. (b) Within the time frame of ten years, all amendments and circulars should be consolidated into an updated document.