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| AKWA IBOM STATE CHART OF ACCOUNT 2018 ADMINISTRATION AKS INVESTMENT CORPORATION | ||
| DESCRIPTION OF REVENUE | DETAILS OF REVENUE | 2018 APPROVED BUDGET | 2017 APPROVED REVISED PROVISION |
| OFFICE OF THE CHAIRMAN | |||
| FEES | |||
| Procesing Fees in Privatized Companies | Procesing Fees in Privatized Companies | 2,000,000.00 | 29,900,000.00 |
| TOTAL | 2,000,000.00 | 29,900,000.00 | |
| EARNING - GENERAL | |||
| Workshops, Investment Promotion and Exhibition | Workshops, Investment Promotion and Exhibition | 1,000,000.00 | 100,000.00 |
| TOTAL | 1,000,000.00 | 100,000.00 | |
| INVESTMENT INCOME | |||
| Dividends from Government investments - Champion Breweries | Dividends from Government investments - Champion Breweries | 1,000,000.00 | 20,000,000.00 |
| Dividends from Government investments - Anchor Insurance | Dividends from Government investments - Anchor Insurance | 40,000,000.00 | 20,000,000.00 |
| Dividends from Government investments - Akwa Savings and Loans Ltd | Dividends from Government investments - Akwa Savings and Loans Ltd | 1,000,000.00 | |
| Dividends from Government investments - Le Meridian Ltd | Dividends from Government investments - Le Meridian Ltd | 10,000,000.00 | 100,000,000.00 |
| Investment Income on Shares of Quoted Companies | Investment Income on Shares of Quoted Companies | 70,000,000.00 | 20,000,000.00 |
| Revenue to IPC Ltd | Revenue to IPC Ltd | 20,000,000.00 | 10,000,000.00 |
| TOTAL | 142,000,000.00 | 170,000,000.00 | |
| GRAND TOTAL | 145,000,000.00 | 200,000,000.00 | |
| DESCRIPTION OF EXPENDITURE | DETAILS OF EXPENDITURE | 2018 APPROVED BUDGET | 2017 APPROVED REVISED PROVISION |
| OFFICE OF THE CHAIRMAN | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL 08 (1 Staff) | 379,530.00 | 1,735,160.00 |
| Basic Salaries | GL 17(1 Staff) | 1,082,910.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Chairman | 1,149,450.00 | 1,197,230.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Chairman | 146,240.00 | 173,520.00 |
| Domestic Servant | Domestic Servant for Office of the Chairman | 1,425,350.00 | 1,425,350.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Chairman | 149,550.00 | |
| Corpers Allowance | Corpers Allowance for Office of the Chairman | 720,000.00 | |
| Chairman and Board Member | Chairman and Board Member for Office of the Chairman | 8,640,000.00 | |
| TOTAL | 13,693,030.00 | 4,531,260.00 | |
| UTILITIES | |||
| Electricity Charges | Electricity Charges for Office of the Chairman | 2,000,000.00 | 2,000,000.00 |
| Telephone Charges | Intercom Service | 1,000,000.00 | 5,000,000.00 |
| Telephone Charges | Telephone Charges for Office of the Chairman | 4,000,000.00 | |
| TOTAL | 7,000,000.00 | 7,000,000.00 | |
| TRAVEL AND TRANSPORT | |||
| Local Travel and Transport : Others | Local Travel and Transport : Others for Office of the Chairman | 8,000,000.00 | 8,000,000.00 |
| TOTAL | 8,000,000.00 | 8,000,000.00 | |
| MATERIALS AND SUPPLIES | |||
| Office Stationary / Computer Consumables | Office Stationary / Computer Consumables for Office of the Chairman | 6,000,000.00 | 6,000,000.00 |
| Magazine and Periodicals for (Protocol)Directorate | Magazine and Periodicals for Office of the Chairman | 1,000,000.00 | 1,000,000.00 |
| TOTAL | 7,000,000.00 | 7,000,000.00 | |
| MAINTENANCE REPAIRS AND SERVICES | |||
| Maintenance of Motor Vehicle / Transpot Equipment | Maintenance of Motor Vehicle / Transpot Equipment for Office of the Chairman | 6,000,000.00 | 6,000,000.00 |
| Maintenance of Office / IT Equipment | Maintenance of Office / IT Equipment for Office of the Chairman | 4,000,000.00 | 4,000,000.00 |
| TOTAL | 10,000,000.00 | 10,000,000.00 | |
| TRAINING AND STAFF DEVELOPMENT | |||
| Local Training | Local Training for Office of the Chairman | 2,000,000.00 | 2,000,000.00 |
| Workshop / Seminar / Conferences | Workshop / Seminar / Conferences for Office of the Chairman | 1,000,000.00 | 1,000,000.00 |
| TOTAL | 3,000,000.00 | 3,000,000.00 | |
| LOCAL GRANTS AND CONTRIBUTIONS | |||
| Grant to State Governement : Current | Grant/Contributions and Subventions | 1,200,000.00 | 1,200,000.00 |
| TOTAL | 1,200,000.00 | 1,200,000.00 | |
| CONSULTANCY AND PROFESSIONAL SERVICES | |||
| Legal Services | Legal Services for Office of the Chairman | 3,000,000.00 | 5,000,000.00 |
| Legal Services | Legal/Judgement Fees | 2,000,000.00 | |
| TOTAL | 5,000,000.00 | 5,000,000.00 | |
| ENTERTAINMENT AND HOSPITALITY | |||
| Entertainment at Meetings | Entertainment at Meetings for Office of the Chairman | 3,000,000.00 | 7,000,000.00 |
| Entertainment at Meetings | Services of Meeting | 4,000,000.00 | |
| TOTAL | 7,000,000.00 | 7,000,000.00 | |
| MISCELLANEOUS EXPENSES - GENERAL | |||
| Medical Expenses : Local | Medical Expenses : Local for Office of the Chairman | 1,500,000.00 | 1,500,000.00 |
| Office and General | Office and General for Office of the Chairman | 5,000,000.00 | 5,000,000.00 |
| Promotion (Service Wide) | Advert/Promotion | 3,500,000.00 | 3,500,000.00 |
| TOTAL | 10,000,000.00 | 10,000,000.00 | |
| OTHER SERVICES | |||
| Office Rent | Office Rent and cleaning of factory site | 2,000,000.00 | 5,000,000.00 |
| Office Rent | Rent/furnishing of Residents/Quarters | 3,000,000.00 | |
| Internal Audit Expenses | Audit Report/Inspection | 2,000,000.00 | 2,000,000.00 |
| Special Assistant on Protocol | Special Assistant | 5,000,000.00 | 5,000,000.00 |
| Other Services | Airtel Bills | 5,000,000.00 | 53,400,000.00 |
| Other Services | Allowance to Coucil members | 5,000,000.00 | |
| Other Services | Group Relations/Donations | 10,000,000.00 | |
| Other Services | Hosting of Investors/guests | 2,200,000.00 | |
| Other Services | Insurance | 5,000,000.00 | |
| Other Services | Internet Services | 6,000,000.00 | |
| Other Services | Investment/trade promotion | 5,000,000.00 | |
| Other Services | Professionals Membership/Subcription | 1,500,000.00 | |
| Other Services | Public Relation/Donations | 3,500,000.00 | |
| Other Services | Security Services for Office of the Chairman | 4,200,000.00 | |
| Other Services | Services Charge-AKIPOC | 3,000,000.00 | |
| Other Services | Sub Committee Allowance | 3,000,000.00 | |
| TOTAL | 65,400,000.00 | 65,400,000.00 | |
| EQUITY PARTICIPATION IN STRATEGIC CORE BUSSINESS VENTURE | |||
| Re-Capitalization of Anchor Insurance Ltd | Re-Capitalization of Anchor Insurance Ltd | 3,000,000,000.00 | 0.00 |
| Equity Participation in Strategic Business Ventures | Equity Participation in Strategic Business Ventures | 0.00 | 2,000,000,000.00 |
| TOTAL | 3,000,000,000.00 | 2,000,000,000.00 | |
| INDEPENDENT POWER PLANT PROJECT (PHASE I & II)/ POWER DISTRIBUTION | |||
| BVN Engr. Consult (outstanding power valuation expenses) | BVN Engr. Consult (outstanding power valuation expenses) | 78,000,000.00 | 108,000,000.00 |
| TOTAL | 78,000,000.00 | 108,000,000.00 | |
| OTHER ACTIVITIES OF AKICORP | |||
| TV and Radio Entrepreneurship programme | TV and Radio Entrepreneurship programme | 20,000,000.00 | 20,000,000.00 |
| Database | Database | 10,000,000.00 | |
| Purchase of 1No. 18 seater bus | Purchase of 1No. 18 seater bus | 30,000,000.00 | 15,000,000.00 |
| Purchase of 5No. utility vehicles (Toyota Corolla) | Purchase of 5No. utility vehicles (Toyota Corolla) | 100,000,000.00 | 36,000,000.00 |
| Entrepreneurial Finance arrangement AKSG / BOI MSME Development (Counterpart) Fund | Entrepreneurial Finance arrangement AKSG / BOI MSME Development (Counterpart) Fund | 1,000,000,000.00 | 300,000,000.00 |
| Participation in Foreign Trade Missions and Exhibitions | Participation in Foreign Trade Missions and Exhibitions | 150,000,000.00 | 150,000,000.00 |
| Sensitization Workshops / Seminars | Sensitization Workshops / Seminars | 100,000,000.00 | 114,000,000.00 |
| Monthly Business/Entrepreneurship clinic | Monthly Business/Entrepreneurship clinic | 12,000,000.00 | 12,000,000.00 |
| Purchase of 1No. Digital Camera | Purchase of 1No. Digital Camera | 2,500,000.00 | 250,000.00 |
| Staff Training/Capacity Building | Staff Training/Capacity Building | 100,000,000.00 | 100,000,000.00 |
| Purchase of 5No.Utility Vehicles (Hilux Van) | Purchase of 5No.Utility Vehicles (Hilux Van) | 100,000,000.00 | 65,000,000.00 |
| Internet Provision | Internet Provision | 20,000,000.00 | |
| Intranet Provision | Intranet Provision | 15,000,000.00 | |
| Intercom Development | Intercom Development | 20,000,000.00 | |
| Acquisition of new computers for Directors and Desk Officers | Acquisition of new computers for Directors and Desk Officers | 15,000,000.00 | |
| Office Furniture and Fitting | Office Furniture and Fitting | 50,000,000.00 | |
| Consultancy for Feasibility Studies | Consultancy for Feasibility Studies | 20,000,000.00 | |
| Consultancy for Equipment Verification | Consultancy for Equipment Verification | 20,000,000.00 | |
| Consultancy for Due deligence | Consultancy for Due deligence | 30,000,000.00 | |
| Litigation expenses | Litigation expenses | 30,000,000.00 | |
| Library | Library | 10,000,000.00 | |
| Documentation/Reporting | Documentation/Reporting | 20,000,000.00 | |
| Printing of Promotional Materials | Printing of Promotional Materials | 7,000,000.00 | |
| Corporate Profile | Corporate Profile | 10,000,000.00 | |
| DVDS | DVDS | 500,000.00 | |
| Research | Research | 20,000,000.00 | |
| Publications | Publications | 10,000,000.00 | |
| TOTAL | 1,922,000,000.00 | 812,250,000.00 | |
| OFFICE OF THE HEAD OF BUDGET FINANCE AND ACCOUNT DEPARTMENT | |||
| SALARIES AND WAGES | |||
| Basic Salaries | GL 09 (4 Staff) | 1,538,550.00 | 6,298,420.00 |
| Basic Salaries | GL 10(2 Staff) | 1,125,460.00 | |
| Basic Salaries | GL 12 (1 Staff) | 562,750.00 | |
| Basic Salaries | GL 16 (1 Staff) | 1,016,430.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Budget Finance and Account Department | 3,361,010.00 | 4,982,540.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Budget Finance and Account Department | 424,320.00 | 629,840.00 |
| Domestic Servant | Domestic Servant for Office of the Head of Budget Finance and Account Department | 855,210.00 | 855,200.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Head of Budget Finance and Account Department | 1,239,610.00 | |
| TOTAL | 10,123,340.00 | 12,766,000.00 | |
| OFFICE OF THE HEAD OF PROJECT IMPLEMENTATION SUPERVISION DEPARTMENT | |||
| Basic Salaries | GL 12 (1 Staff) | 583,990.00 | 6,686,430.00 |
| Basic Salaries | GL 15 (1 Staff) | 792,050.00 | |
| Basic Salaries | GL 16 (1 Staff) | 1,096,430.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Project Implementation Supervision Department | 2,024,210.00 | 4,537,070.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Project Implementation Supervision Department | 247,250.00 | 668,640.00 |
| Domestic Servant | Domestic Servant for Office of the Head of Project Implementation Supervision Department | 1,140,280.00 | 1,140,270.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Head of Project Implementation Supervision Department | 728,470.00 | |
| TOTAL | 6,612,680.00 | 13,032,410.00 | |
| OFFICE OF THE HEAD OF INVESTMENT PROMOTION AND APPRAISAL DEPARTMENT | |||
| Basic Salaries | GL 13 (1 Staff) | 686,840.00 | 4,497,220.00 |
| Basic Salaries | GL 14 (1 Staff) | 748,970.00 | |
| Basic Salaries | GL 15 (1 Staff) | 978,550.00 | |
| Basic Salaries | GL 16 (2 Staff) | 2,152,860.00 | |
| Basic Salaries | GL 17 (1 Staff) | 1,208,920.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Investment Promotion and Appraisal Department | 4,351,700.00 | 3,602,480.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Investment Promotion and Appraisal Department | 577,610.00 | 449,720.00 |
| Domestic Servant | Domestic Servant for Office of the Head of Investment Promotion and Appraisal Department | 3,420,840.00 | 2,565,670.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Head of Investment Promotion and Appraisal Department | 1,732,850.00 | |
| TOTAL | 15,859,140.00 | 11,115,090.00 | |
| OFFICE OF THE HEAD OF PROTOCOL AREA AND PUBLIC RELATIONS UNIT DEPARTMENT | |||
| Basic Salaries | GL 14 (1 Staff) | 773,150.00 | 947,470.00 |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Protocol Area and Public Relations Unit Department | 612,390.00 | 686,100.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Protocol Area and Public Relations Unit Department | 77,310.00 | 94,750.00 |
| TOTAL | 1,462,850.00 | 1,728,320.00 | |
| OFFICE OF THE HEAD OF LIBRARY AND PLANNING RESEARCH AND STATISTICS DEPARTMENT | |||
| Basic Salaries | GL 04 (3 Staff) | 448,830.00 | |
| Basic Salaries | GL 08 (1 Staff) | 359,120.00 | |
| Basic Salaries | GL 10 (1 Staff) | 462,490.00 | |
| Basic Salaries | GL 14 (2 Staff) | 1,546,290.00 | |
| Basic Salaries | GL 15 (1 Staff) | 947,470.00 | |
| Basic Salaries | GL 16 (1 Staff) | 1,096,430.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Head of Library and Planning Research and Statistics Department | 3,821,800.00 | |
| Annual Leave Grant | Annual Leave Grant for Office of the Head of Library and Planning Research and Statistics Department | 486,060.00 | |
| Domestic Servant | Domestic Servant for Office of the Head of Library and Planning Research and Statistics Department | 1,140,280.00 | |
| Responsibility Allowance | Responsibility Allowance for Office of the Head of Library and Planning Research and Statistics Department | 728,470.00 | |
| TOTAL | 11,037,240.00 | 0.00 | |
| OFFICE OF THE EXECUTIVE DIRECTOR (MANAGEMENT SERVICES) | |||
| Basic Salaries | GL 08 (1 Staff) | 410,160.00 | |
| Basic Salaries | GL 16 (1 Staff) | 1,056,430.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Executive Director (Management Services) | 1,127,330.00 | |
| Annual Leave Grant | Annual Leave Grant for Office of the Executive Director (Management Services) | 146,560.00 | |
| Domestic Servant | Domestic Servant for Office of the Executive Director (Management Services) | 855,210.00 | |
| Responsibility Allowance | Responsibility Allowance for Office of the Executive Director (Management Services) | 126,110.00 | |
| TOTAL | 3,721,800.00 | 0.00 | |
| OFFICE OF THE EXECUTIVE DIRECTOR (OPERATIONS) | |||
| Basic Salaries | GL 10 (1 Staff)) | 489,220.00 | 1,954,970.00 |
| Basic Salaries | GL 16 (1 Staff) | 1,056,430.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Executive Director (Operations) | 1,225,580.00 | 1,259,980.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Executive Director (Operations) | 154,560.00 | 195,500.00 |
| Domestic Servant | Domestic Servant for Office of the Executive Director (Operations) | 855,210.00 | 855,200.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Executive Director (Operations) | 154,380.00 | |
| TOTAL | 3,935,380.00 | 4,265,650.00 | |
| OFFICE OF THE INTERNAL AUDIT DEPARTMENT | |||
| Basic Salaries | GL 08 (2 Staff) | 718,240.00 | 605,230.00 |
| Basic Salaries | GL 14 (1 Staff) | 700,620.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Internal Audit Department | 1,221,190.00 | 515,180.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Internal Audit Department | 141,890.00 | 60,520.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Internal Audit Department | 210,190.00 | |
| TOTAL | 2,992,130.00 | 1,180,930.00 | |
| OFFICE OF THE CORPORATE / LEGAL SERVICES | |||
| Basic Salaries | Basic Salaries for Office of the Corporate / Legal Services | 896,440.00 | 1,679,170.00 |
| Basic Salaries | GL 14(1 Staff) | 700,620.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Corporate / Legal Services | 1,435,320.00 | 1,298,490.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Corporate / Legal Services | 159,710.00 | 167,920.00 |
| Domestic Servant | Domestic Servant for Office of the Corporate / Legal Services | 855,210.00 | 285,070.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Corporate / Legal Services | 479,120.00 | |
| TOTAL | 4,526,420.00 | 3,430,650.00 | |
| OFFICE OF THE HUMAN RESOURCES AND GENERAL ADMIN | |||
| Basic Salaries | GL 04 (9 Staff) | 1,346,490.00 | 6,729,750.00 |
| Basic Salaries | GL 06 (5 Staff) | 957,700.00 | |
| Basic Salaries | GL 07 (1 Staff) | 329,850.00 | |
| Basic Salaries | GL 08 (4 Staff) | 1,456,890.00 | |
| Basic Salaries | GL 09 (1 Staff) | 413,420.00 | |
| Basic Salaries | GL 12 (2 Staff) | 1,167,980.00 | |
| Basic Salaries | GL 14 (1 Staff) | 821,510.00 | |
| Basic Salaries | GL 16 (1 Staff) | 1,096,430.00 | |
| Overtime Payment | Overtime Payment for Office of the Human resources and General Admin | 167,400.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Human resources and General Admin | 6,247,550.00 | 5,341,600.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Human resources and General Admin | 759,030.00 | 672,970.00 |
| Non - Accident Bonus | Non - Accident Bonus for Office of the Human resources and General Admin | 12,500.00 | |
| Domestic Servant | Domestic Servant for Office of the Human resources and General Admin | 855,210.00 | |
| Responsibility Allowance | Responsibility Allowance for Office of the Human resources and General Admin | 1,552,300.00 | |
| TOTAL | 17,184,260.00 | 12,744,320.00 | |
| OFFICE OF THE ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT DEPARTMENT | |||
| Basic Salaries | GL 14 (2 Staff) | 1,594,650.00 | 3,303,340.00 |
| Basic Salaries | GL 14 (2 Staff) | 1,124,940.00 | |
| Basic Salaries | GL 15 (1 Staff) | 978,550.00 | |
| Consolidated Allowances | Consolidated Allowances for Office of the Entrepreneurship and Business Development Department | 2,755,930.00 | 1,837,170.00 |
| Annual Leave Grant | Annual Leave Grant for Office of the Entrepreneurship and Business Development Department | 369,810.00 | 330,330.00 |
| Domestic Servant | Domestic Servant for Office of the Entrepreneurship and Business Development Department | 1,710,420.00 | 855,200.00 |
| Responsibility Allowance | Responsibility Allowance for Office of the Entrepreneurship and Business Development Department | 1,123,950.00 | |
| TOTAL | 9,658,250.00 | 6,326,040.00 | |
| GRAND TOTAL | 5,224,406,520.00 | 3,114,970,670.00 | |
