Banking And Finance
Banking And Finance
Overview
The Department of Banking and Finance started as a programme under the Department of Business Studies at the inception of the University in October, 2002/2003 Academic Session, with 85 students and 5 academic staff.
The five (5) members of the academic staff, four (4) males and one (1) female, formed the pioneer workforce of the Department. Due to the fact that it operated as a programme at inception under the Department of Business Studies, there was no separate academic and non-academic staff attached to the Department then. However, in the 2004/2005 Academic Session, the Banking and Finance programme became a full-fledged Department with seven (7) academic and one (1) non-academic staff to run it.
In 2004/2005, Professor J.A.T. Ojo, was appointed to run the affairs of the Department as its Chair and first substantive Head of Department till date.
The student population in the Department has grown from 85 in 2002/2003 (inception) to 270 in the 2009/2010 Academic Session. Judging from the above, much progress has been recorded, we have graduated five sets of students and the sixth set is moving to the final year. We have indeed come a long way, to the extent that our accomplishment and academic excellence in so short a period led to the Department producing a First Class, and Three First Classes in the 1st set and 2nd set of our graduates, respectively and this trend has continued.
Vision
To be a leading Banking and Finance Department within the context of a leading World-Class University, a Centre of Excellence for Banking and Finance discipline, committed to raising a new generation of trustworthy and honest leaders in the field of Banking and Finance that will be orientated towards financial development in a non-gender discriminatory environment and, eradication of poverty to restore the age-cherished financial culture of honesty, prudence and accountability.
Mission
To create such innovative and locally adaptable financial knowledge capable of restoring confidence and fostering good faith, via a Human Development Strategy, an adequate re-orientation-driven curriculum employing innovative, leading-edge teaching and learning methods, research and professional services that promote an integrated, life-applicable transforming education of relevance to the trade and finance context in a globalized world, well adapted to fostering and building local and international development. The programme is thus, designed to raise a new generation of financial managers and executives, well-fitted to transform the Nigerian Banking and Finance industry and adequately prepared to meet the developmental demands of the financial component of Vision 2020, so as to position Nigeria as the financial centre of Africa.
Philosophy and Objectives
Philosophy
The Banking and Finance Programme, leading to the award of B.Sc. (Banking and Finance) Degree, covers the following degree areas of specialization:
- Banking Institutions, Operations and Markets
- Corporate Finance
- Public Sector Finance (i.e. Public Sector Financial Management)
- International Banking and Finance
The broad philosophy is to develop the mind of the students, imparting both theoretical and practical knowledge in finance and banking and economic principles to enable the individual student to develop self-assurance, being independent in the various aspects of Banking and Finance disciplines and relevant profession.
Aims and Objectives
The major aims and objectives of the programme are:
- To provide the basic knowledge and skill, needed for the understanding and analysis of problems related to the banking /finance industry and other human organisations.
- To equip the students of Banking and Finance with the logical skills needed for recognizing, defining and solving problems and making decisions.
- To turn out graduates who are skilled with both theoretical and practical knowledge for the banking and finance industry.
Research & Development
RESEARCH CLUSTERS
There is a Departmental Research Programme on Informal Sector Activities and SME Financing Problems. The vital roles played by the informal financial sector units such as the microfinance institutions and cooperative societies in the economic development of Nigeria as in many other developing countries, have become increasingly been felt in recent years. The operations and performance of these institutions notwithstanding, the sector has not been fully tapped or reached.
Therefore, the Department of Banking and Finance is undertaking a survey in order to obtain more relevant information on the nature and significance of the informal financial sector units’ activities. Such information will provide very useful tools in enabling us to know more about the sector and its impact towards nation building. This is to serve in filling in some gaps in our knowledge of recent phenomena in the sector.
The study is expected to assist in some way towards designing a more feasible policy formulation and implementation for the sector in Nigeria such that the activities of the non-financial institutions could be more realised towards the economic development of Nigeria.
Linkages and Collaborations
The Department has partnership/linkage with the Texas State University in USA, mainly in the area of staff exchange, starting with an expert finance staff, Professor Felix O. Ayadi, coming to us under Fulbright Fellowship Programme to assist in some critical areas of Finance, in view of the difficulty in recruiting suitably qualified senior faculty in Finance.
On the professional banking and finance aspect, the Department closely relates with the Chartered Institute of Bankers (CIBN). Our students are made more involved in practical banking aspects by being linked up with CIBN programmes, the CIBN Degree Linkage arrangement is being considered by Covenant University to enable the Department to be more up-to-date on industry events and translate such to theoretical knowledge for the students’ benefit. Interested students are encouraged to register with the Institute before they graduate from the University. Upon graduation, the students are granted due exemptions from some of the papers that they have written while in the University. The reports of students’ performances in the examinations have been heart-warming.
Admission Requirements
PROGRAMME DURATION
The B.Sc degree in banking and Finance is a four (4) years Programme.
BASIC ADMISSION REQUIREMENTS
The minimum academic requirement is credit pass in five subjects, including English Language, Mathematics, Economics, Biology/Agricultural Science and any other subject at not more than two sittings.
ELEMENTS OF DISTINCTIVENESS
- There is a greater exposure of students to the foundation areas of Accounting. Economics, Political Science, Management and Behavioral Sciences in order to provide a sound theoretical framework for specialization in later years.
- There is a greater integration of course work with industrial training and practical experience in relevant principles.
- Students are prepared to gain maximum exemption from allied professional examinations to the extent that they can be expected to pass the final professional examinations about the same time of completing the programme. This is facilitated by the linage programme with the Chartered Institute of Bankers of Nigeria.
- The programme also addresses modern developments in the areas of Banking, Finance, Accounting, Insurance etc.
GRADUATION REQUIREMENTS
To graduate, a student must successfully complete a minimum of 189 credits distributed approximately equally over the four (4) years period.
Staff List
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Name of Staff
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Rank/Designation Salary Scale, date of first appointment
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F/T
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Qualification, dates obtained and specialisation, membership of professional association and number of publications
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Post Qualification Work/Teaching experience and date, post held and the organisation
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Courses/
Subjects
Taught
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Teaching Load/
Lecture Hour/
Week
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Other responsibilities/-interest in curricular and extra-curricular activities
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(1)
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(2)
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(3)
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(4)
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(5)
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(6)
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(7)
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(8)
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Prof. J.A.T Ojo
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HOD and Professor
CUSS 14/07
Lecturer II in April 1975 and Professor in 1985 at UNILAG.
Professor at Covenant University since Sept. 2004 and Distinguished Professor since 2008.
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Full
Time
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B.Sc (Econs), 1968
W.A Dev. Fin, 1970
Ph.D Fin., 1974
Domestic and International Banking and Finance. AIB, London, 1968, Fellow of Chartered Institute of Bankers of Nigeria and Fellow, Institute of Management Consultant.
Over 50 publications
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Auditor, Western State Public Service, 1968 - 74
Lecturing and Research since 1975 to 2004 at UNILAG. From Lecturer II to Professor in 1984.
Senior International Money and Finance Analyst, OPEC, Vienna, 1978 – 1980
Visiting Professor, Bayreuth University, Germany, 1990, 1991 and 1996
At Covenant University 2004 – date
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International Finance
Comparative Financial Systems
Financial services Marketing
Public sector Finance
Project supervision
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6 hours per week
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HOD, Chairman on Senate Business Committee, EDS Committee, Quality Academic Standards Committee and Students Work Study Programme
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Taiwo, J. N.
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Lecturer I
CUSS 10/3
May 19th 2003
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F/T
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M.Sc. Banking and Finance (1984)
A.I.B. (London) 1976
Associate member, Chartered Institute of Bankers of Nigeria
No. of Publication =1
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Central Bank of Nigeria Asst. Manager (1967 – 1977)
Bank of the North Ltd. Senior Manager (1977 – 1985)
Kwara State Polytechnic Principal Lecturer and Head of Department (1985 – 1990);
Gateway Bank of Nigeria
Gen. Mgr. Finance and Corporate Banking (1990 – 1999)
The Federal Polytechnic ,Offa – Principal Lecturer
2000 – Dec. 2002.
Covenant University, Ota
May 2003 - todate
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BFN 412
BFN 417
BFN 423
BFN 422
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3
3
3 hrs
3 hrs
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Chairman, Board of Directors, Covenant Microfinance Bank Ltd.
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Ikpefan, O. A.
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Lecturer I
CUSS 10/6
Sept. 17, 2002
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F/T
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B.Sc (Hons), 1984
MBA 1991
Ph.D 2010,
ACIB, ACA, FNMIN
No of Publications = over 10
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Principal Audit Officer Edo State Civil Service (1989 – 1994)
Bank Inspector 1994 – 1998
HOD (Business Studies) Osisa Polytechnic, Benin Branch. (1998 – 2002)
Covenant University, Ota
2002 –till date
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BFN 411
BFN 417
BFN 412
BFN 422
BFN 423
BFN 426
BFN 427
BFN 312
BFN 311
BFN 322
BFN 221
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3 hrs
3 hrs
3 hrs
3 hrs
3 hrs
3 hrs
3 hrs
3 hrs
3 hrs
3 hrs
3 hrs
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Level Coordinator BFN 400 level
Member of CUSAT Interview Committee
Adviser to Banking and Finance Students Association
Member, Faculty Support Programme
Community Service
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Babajide A. A. (Mrs.)
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Lecturer I
CUSS10/03
August 19, 2002
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F/T
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B.Sc Economics– 1992
Master Banking and Finance – 1997
Associate Member Institute of Chartered Accountant (ACA) 2002
Executive Member Nigeria society for Financial Research.
No. of publications = 8
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Account Trainee Mobil Oil Nig. Plc 1996 – 2000
Sales Analyst
Mobil Oil Nig. Plc 2000 – 2002.
Lecturer II Covenant University 2002 – 2005
Lecturer I
Covenant University
(Sept. 2005 –date)
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BFN 411
BFN 416
BFN 427
BFN 311
BFN 315
BFN 322
BFN 325
BFN 211
BFN 221
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Member Faculty Support Program Consultative
Committee (2004 -2005)
Member University Convocation Committee (2006 – 2007)
Member Department NUC accreditation Committee 2005
Member Department NUC accreditation Committee 2007
Member Faculty Support Programme support group 2007
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Omankhanlen. A. E.
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Lecturer II
CUSS08/4
Sept. 2003
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F/T
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B.Sc Banking and Finance 1992
MBA Banking and Finance 2002
Registered Member CIBN
No. of Publications = 4
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Delta Institute of Continuing
Education, (Profession Studies) Agbor, Delta State Part Time Lecturer (Oct.
1997 - Sept. 2001)
Covenant University, lecturer (Sept. 2003 – date)
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Introduction to Finance
Money and Banking
Business Finance I
Business Finance II
Micro Finance and SME
Nigerian Banking and Financial Environment
Public Finance
Merchant Banking
Financial Management
Strategic Financial Mgt
Pension
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31 hrs/wkly
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Course Adviser
Member of Faculty Support Programme
Course Coordinator.
200 Level Academic Adviser.
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Adetiloye K. A.
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Lecturer II
CUSS 08/11
Sept. 1, 2004
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F/T
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ACIB 1998
B.Sc 2000
MBA 2003
No of Publications 8
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FMBN, (1987 – 1994)
FMF Ltd. (1994 – 2003) –
Assit. Manager
CIBN Part Time Lecturer
(2003 – 2004)
Covenant University (2004 – till date
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BFN 111
BFN 313
BFN 314
BFN 414
BFN 424
BFN 327
BFN 428
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10 hours
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Level Coordinator
BFN 300 level
Member of Admission Committee
Departmental Welfare Officer
Member, College Examination Committee
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Olokoyo F. O. (Mrs.)
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Lecturer II
CUSS08./01
Feb. 9, 2005
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F/T
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B.Sc Banking and Finance December 2003
M.Sc. Finance July 2006 Associate member, Nigeria society for Financial Research
Associate Member, Chartered Institute of Bankers of Nigeria
No. of Publications = 6
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Economics Teacher
Higher Ground College, Lagos. (Sept. 2003 – Feb. 2003)
Graduate Assistant/Research Fellow
Covenant University, (Feb. 2005 – Aug. 2006)
Assistant Lecturer,
Covenant University (Aug. 2006 – May 2008) Lecturer II, Covenant University (May 2008-date)
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BFN 111
BFN 121
BFN 211
BFN 311
EDS 111
BFN411
BFN 425
BFN 322
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7 hrs/wk
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Academic Adviser, BFN 200 level Member, Faculty support Programme
Coordinator, College of Business and Social Sciences Faculty Fellowship
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Olowe O (Mr)
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Lecturer II
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F/T
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B.Sc Banking and Finance, M.Sc. Finance ACIB
No of Publications 5
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Over 20 years experiences both in the private and public sectors of the Nigerian economy with teaching and research exposure inclusive.
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BFN 121
BFN 211
BFN 311
BFN 314
BFN 322
BFN 321
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Departmental Examination Officer
Member College Business Solutions Committee
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Adegboye F.B.
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Lecturer II
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F/T
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B.Sc. (Accounting)
M.BF
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Posses a wide range of accounting, finance and managerial exposure in the private sector with three years teaching experience
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BFN 313
BFN 211
BFN 311
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Prof. John A. Oloyede
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Professor
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P/T
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B.Sc., M.Sc. (Economics
Ph.D, (Finance)
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Over 10 years Teaching
Experience at UNAD from Lecturer II to Senior Lecturer
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BFN 425
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3 hrs
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Dean of Faculty of Management at UNAD
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Dr. (Mrs.) E. O. Adegbite
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Associate Professor
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P/T
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B.Sc., M.Sc. (Economics)
Ph.D (Economics)
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Over 20 years experience at UNILAG, from Asst. Lecturer to Associate Professor
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INTERNAL ASSOCIATE
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Prof. D. Ike
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Professor
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F/T
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Ph. D Economics
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27 years teaching experience
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ECO 419
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3 hrs
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Dr. I.O.Ogunrinola
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Associate Professor
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F/T
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Ph.D (Economics)
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Over 12 years teaching experience
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EDS 111, ECO 221, 314
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3 hrs
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Dr.D.Gberevbie
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Senior Lecturer
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F/T
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Ph.D Public Adm.
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POS 111
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3 hrs
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HOD – Political Science
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Dr. Enyi P. E.
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Senior Lecturer
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F/T
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Ph.D (Accountancy)
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ACC 412
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3 hrs
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Dr. Alege, P. O.
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Senior Lecturer
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F/T
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M.Sc (Economics)
Ph.D
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Over 12 years teaching experience
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ECO 316
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3 hrs
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Okodua, H
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Assist. Lecturer
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F/T
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M.Sc (Economics)
Ph.D (In view) CU
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Over 5 years teaching experience
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ECO 316
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3 hrs
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Administrative Non-teaching Staff Disposition
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Name of Staff
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Rank/Designation Salary Scale and Date of First Appointment
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Qualifications, and Dates Obtained
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Post Qualification Work Experience
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Remarks
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Regina Tobi-David
Urhue Cornelius Taiwo
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Secretary
CUSS05/03
(04th Oct. 2004)
Office Assistant
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Higher National Diploma (HND) Secretarial Admin. (1994)
WASC - 1988
AND CERT. IN MECH. ENG.-1994
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Dec. 2001 – March 2002, African Centre for Policy Studies.
V/I, Lagos -Secretary
Nov. 1999 – April 2001, TSKJ Nigeria Limited, V/I, Lagos Secretary
Store Officer Organic Chem. IND. LTD. Ifo 1990-1992
Filter Mechanic (West Africa Portland Cement Co.) Feb- Dec. 1995 Sagamu and Ewekoro
Maintenance Eng. Rivercess Nig. LTD.
Oja-Odan Ilaro Road Ebute-Igbooro
1998-2004
Covenant University
2005- Date
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