‘Why We’re Changing Accounting System’

The Executive Director, Finance and Administration of the Nigerian Ports Authority, Mr. Adetola Atekoja, has said that there is need to review the current accounting manual procedure of the organisation.

He said there was need to keep its financial books tidy and to make financial records retrieval easier.

Mr. Adekoja expressed optimism that the adoption of the new accounting procedure will positively affect the financial position of the organisation.

In his view, the General Manager, Finance, Mallam Nasir Kuliya, charged all the personnel to ensure that they have a full knowledge and understanding of what the organisation’s accounting policies are and the need to imbibe the modules of the new international financial reporting.

Mallam Kuliya added that the impact of the new accounting system would only be noticed if the officers are committed to their work. He justified the reason behind officers from other departments being co-opted in the exercise as there is need for them to share ideas across the organisation.

—Moses Falobi