GENERAL INFORMATION ON THE FACULTY’S PROGRAMMES

INTRODUCTION

The drive for the creation of a Faculty of Management Sciences dates back to 1983 during the tenure of Professor Adamu Baikie the Vice Chancellor of the University. At the time of the agitation, the request was for a Faculty of Administration to be carved out of the Faculty of Social Sciences. This request arose from the desire of staff and students of the Departments of Business Administration and Accounting to have a separate identity. Much later, NUC Accreditation Panel Report indicted the Departments of Business Administration and Accounting for being overloaded with social sciences courses and for not having a Faculty of Management Sciences consistent with current practice. This need was eventually met in 2005-2006 academic session with the creation of the Faculty of Management Sciences as contained in the University of Benin Strategic Plan for 2001-2010. 

THE HISTORY OF THE FACULTY

The Faculty of Management sciences started in 2006/2007 Academic session after many years of persistent struggle for the creation of the Faculty which began in 1983. The Senate of the University at its 195th regular meeting held on Wednesday 30th August, 2006, considered and approved the splitting of the Faculty of Social Sciences into two viz: Faculty of Social Sciences and Faculty of Management Sciences.  Faculty of Management sciences therefore came into existence on 1st October, 2006 with three (03) Departments namely, Accounting, Banking and Finance and Business Administration.

Historically, the Department of Business Administration emerged from the Department of Economics and Statistics in 1977. Department of Accounting emerged from the Department of Business Administration as a full Department in 1981/1982 session. Banking and Finance was a fully developed programme in the Department of Economics and Statistics, and therefore, emerged from that Department into full-fledged Department in 2006/2007 session.

The pioneer Dean of the Faculty of Management Sciences is Professor B. Eseosa Bob-Osaze, 2006 -2010. Followed by Professor B. A. Agbonifoh, 2010 -2012 and the current Dean, Professor Famous I. O. Izedonmi, 2012 to date

            The first Faculty Officer of the Faculty of Management Sciences is Mr. N. O. Omozusi, 2006 to 2008 and he was succeeded by Mr. E. S. Omagbon, 2008 to date.

The Faculty of management sciences has a honours roll situated in the Dean’s office. This honours roll is divided into two parts.

Part one is the names of the Faculty benefactors these are;

  1. Professor Adebayo Akerele
  2. Bashorun M.K.O Abiola
  3. Professor Abhulimen R. Anao
  4. Nigeria Stock Exchange
  5. Securities and Exchange Commission
  6. Institute of Chartered Accountants of Nigeria
  7. Partnership Investment Company Limited
  8. Victor Ogiemwonyi
  9. Federal Inland Revenue Service

While the second part, is the names of those occupying chairs endowed by some of the benefactors. These are:

  1. Professor Emeritus Eseosa Bob-Osaze    –           Nigeria Stock Exchange
  1. Professor F.I.O Izedonmi           –           Institute of Chartered

                                                            Accountants of Nigeria

  1. Professor E.A Okoye                 –           Federal Inland Revenue

                                                                  Service

GENERAL INFORMATION

The Faculty of Management Sciences comprises of the Department of Accounting, Banking and Finance and Business Administration. At the special meeting of Senate held on Wednesday, 22nd February, 2012, Senate considered and approved the Establishment of the Department of Entrepreneurship to be domiciled in the Faculty. Similarly, the Senate at the emergency meeting held on 10th January, 2013 considered and approved the Establishment of the following programmes in the Faculty; B.Sc (Hons) Actuarial Science, B.Sc (Hons) Insurance, B.Sc (Hons) Marketing and B.Sc (Hons) Human Resources Management

JUSTIFICATIONS FOR A FACULTY OF MANAGEMENT SCIENCES

The justification for a Faculty of Management Sciences is discussed hereunder.

  • A Faculty of Management Sciences is a professional Faculty rather than a hard-core liberal arts, natural sciences or Social Sciences Faculty.
    • The Faculty is private sector focused and therefore expected to reflect necessary linkages.
    • Specifically, Management, like Law, Medicine, Engineering, and Pharmacy has its identity. There is the need to inculcate professionalism in students through the development of professional business culture and attitudes. A distinct Faculty of Management Sciences ensures that staff and students remain abreast of events that are occurring in the extremely dynamic business environment through exchange programmes, information technology access, workshops, seminars, symposia, conferences and guest lectures.
    • Curriculum development in a distinct Management Faculty will assuredly be in line with the changing needs of commerce and industry, meet the requirements of professional accrediting bodies and proactively exploit shifting employment and entrepreneurial opportunities.
    • With a Management Faculty, it becomes easier to establish industry linkages through employment opportunities, case study material access and endowments.

PHILOSOPHY

The general philosophy is the belief that training in this discipline will develop the mind, impact both the theoretical and practical knowledge on the individual student, develop self-confidence, help- to b e innovative and self-reliant in the fields of Administration and Management. In this Faculty, the philosophy is “at the cutting edge of Management knowledge and Best Business practice”.

VISION

The vision of the Faculty is to be the knowledge provider of choice of cutting-edge management education in Nigeria.

OUR MISSION

To provide solid management education that assures leadership and expertise in all functional areas of management.

OUR CORE VALUES

  • Character
  • Competence
  • Timeliness
  • Quality
  • Cutting-edge
  • Visionary

OBJECTIVES

The aim of the Faculty is to produce professionally trained management scientists in various fields and bring such training to bear in whatever roles they may be called upon to play in line with their areas of specialization in the course of national development. It is expected that the honours degree programmes available in the Faculty will cater for the academic interests of diverse students with the intention of preparing them for the job challenges later in future as well as prepare them to set up businesses. These students upon graduation are expected to fit into varieties of job situations in the areas of teaching, research, management, entrepreneurship development and other professional work in both private and public sectors. There will be a strong emphasis on entrepreneurial development to encourage self-reliance.

ADMISSION REQUIREMNTS

All the honours degree programmes in the Faculty shall require at least credit passes in English Language, Mathematics and Economics and any two other subjects in the SSCE, GCE or equivalent in not more than two sittings. Each Department within the Faculty is expected to have its own specific entry requirement in both full and part-time courses which must conform to the general entry requirements set by the University for the University Matriculation requirements.

DEGREE PROGRAMMES AND REQUIREMENTS

  1. The Faculty of Management Sciences offers honours degrees which require compulsory courses in General Studies and Entrepreneurship. Students in the Faculty are required to pass examination in all the courses for which they are registered before they can graduate.
  2. All students in the Faculty shall take the same courses in the first two years before branching into their various areas of specialization provided that Entrepreneurial courses shall also be compulsory for every student.