Aduwo Ayodele
The 10th Assembly of the Students’ Representative Council, University of Ibadan has on Saturday, February 17, 2024, instructed the audit committee of the Union to reaudit funds on sponsorship for all events that have been held by the current leadership of the Students’ Union.
The resolve was made subsequent to the presentation of the financial report of the UI’SU for first semester of the 2023/2024 academic session (August 1st – December 12th) by the Treasurer of the Students’ Union, Hammed Erinfolami.
In the 9-page report, the Treasurer noted that the opening balance of the Students’ Union was #2,248,293.16; while total withdrawal was #15,387,958; with a total income of #13,799,498; and closing balance of the Union as of date being #659,833.
The Audit Committee, according to Article XXVIII (F) (i) of the Students’ Union constitution, is charged with the responsibility to audit the account of the Union ‘every semester’.
