The Contract Management & Compliance Unit typically plays a critical role in ensuring that the Bureau’s contracts, Memoranda of Understanding (MoUs), and service-level agreements are well-structured, properly executed, and legally compliant to safeguard the legal and financial interests of the organization.

The Unit is made up of two (2) Sub-Units, namely:

1. Contract Management
2. Compliance

Here are the key functions of the Unit:

• Contract reviews and edits contracts to ensure clarity, legality, and alignment with agreed terms and FGN interest by ensuring risk mitigation through the inclusion of appropriate legal clauses.
• Assists in negotiating terms and conditions with investors or clients.
• Provides legal and strategic input during negotiations.
• Manages the contract execution process, including obtaining necessary approvals and signatures.
• Maintains a centralized repository of contracts for easy access and auditing.
• Ensures that all contractual obligations (from both parties) are met within the agreed terms.
• Tracks milestones, deliverables, deadlines, and payments.
• Identifies potential legal or financial risks within contracts.
• Manages contract-related disputes or breaches in coordination with legal teams.
• Develops internal policies and procedures for contract management and compliance.
• Stays updated on changes in legal and regulatory frameworks that may affect contracts.
• Conducts periodic audits to assess contract compliance.
• Prepares reports on contract performance, risk exposure, and compliance status for Management.
• Acts as a liaison between internal departments and external parties to ensure smooth contract execution.
• Monitors vendor performance against agreed service levels.