Financial Authorities

1. The payment of revenues into consolidated Revenue Fund,the authorization of expenditure from the consolidated Revenue Fund, the audit of Public Accounts, the allocation of revenue and other financial matters are regulated by the relevant sections of the Constitution of Federal Republic of Nigeria.
2. The Governor of Abia State of Nigeria has assigned to the Commissioner of Finance, responsibility for all financial business of the Government of Abia State.
3. These and other Financial matters are further regulated by laws enacted by the Abia State Administration, examples of these are the Financial (control and management) law 1959, the contingencies Law, 1959, the funds and Accounts Law, 1959,the Incorporation (Ministry of Finance) Law, 1960, and the Audit Law, 1963. Certain laws have effect in relation only to the financial transaction of one year, for example an Appropriation or supplementary Appropriation law.
4. The Commissioner for Finance shall issue from time to time Financial Regulations in accordance with existing policies and laws.
5. These Financial Regulations shall apply to all officers in the public service.