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Financial Accounting

Dubai, Emirate of Dubai, United Arab Emirates
March 16, 2020

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Olufemi Emmanuel Olutokun MBA, Bsc, HND,NCE, ACA, ACTI, ACCM, CRISC

Tel: +971-******-***, +233-******-*** (WhatsApp)


Date of Birth: October 18, 1976

Nationality: Nigerian

Address: Faaz Supermarket, Naif Street, Baniyas, Deira City, UAE

Place of Birth: Lagos

Visa Status: Visit Visa

Passport No: A07906673

Date of Issue: 11.01.2017

Date of Expiry: 10.01.2022

Place of Issue: Ikoyi, Lagos

PROFILE: A healthy and energetic middle aged man, able to work with minimal supervision and stand to face all job challenges. A great organizer of human and material resources, equipped with good oral and written communication, as well as analytic skills. Resourceful, result-oriented, innovative, a team player with a “can do” spirit.

CARRIER OBJECTIVE: To be a world-class Accountant, Financial Manager & Finance Expert, deploying acquired professional skills, competencies and experience to the advantage of stakeholders, in other to achieve their financial/business objectives of wealth and value creation in no small measure through a world-class Finance/Accounting/Auditing & Assurance services, while making fast career progress in a rapidly growing and developing organization.


Imo State University (IMSU), Owerri 2009

Obafemi Awolowo University, Ile-ife 2008

Institute of Certified Cost Management of Nig. 2005

Nigeria Institute of Management (Chartered) 2004

Moshood Abiola Polytechnic, Abeokuta, Ogun state 2002

Chartered Institute of Accountant of Nig. (Professional) 2001

Chartered Institute of Accountant of Nig. (ATS) 1996

Federal College of Education, Abeokuta, Ogun state 1996

St. Peter’s College, Olomore, Abeokuta, Ogun state 1993


Certified in Risk & Information System Control (CRISC) 2011

Bachelor of Science (In Accountancy) (B.Sc) 2009

Master In Business Administration (MBA Ife) 2008

Associate Portfolio Debt Manager (APDM) 2008

Associate Chartered Institute of Taxation (ACIT) 2007

Ass. Certified Cost Mgt Of Nigeria (ACCM) 2005

Associate Member Nig. Institute Of Mgt. (AMNIM) 2004

Higher National Diploma (Accounting) (HND Upper) 2002

Associate Chartered Accountant (ACA) 2001

Associate Accounting Technician (AAT) 1996

Nigerian Certificate Of Education (NCE) 1996

General Certificate Of Education (GCE O’L) 1993


Efficient management of the company's finance operations that earned zero audit deficiency reports for more than five years

Complete Design & Implementation of a new Finance & Admin Structure for the organization

Complete Design & Implementation of an efficient vendor payment system eliminating end of year accruals on payables and receivables

Reduction of vendor payment TAT to 10 (ten) days from average payment period of 6 months

Preparation & Monitoring of an efficient operating budget/plan (OPEX, CAPEX, Special) for various states projects

Develop a vendor settlement system that optimize vendor pricing and create value for our clients

Deploy an investment spent strategy that resulted in huge savings on project/agency expenditure

Build and implement a controlled Financial system proof of leakages

Achieve consistent Zero budget negative variances across various projects

Successfully Manages multi-location (Learning) Facilities across the country

Successfully Manages average of 3 billion naira (training) budget annually

Successfully entrenched a level of rigor and intellectual discipline into the learning management value chain – delivering the right learning to drive individual and business performance.

Provide finance technicalities for activation of working partnerships with five (5) highly-coveted Ivy League Institutions.

Provide finance input to pioneering Action Learning practice in Nigeria

Provide finance support to Pioneering Mobile Learning in the Nigerian

Provide finance support to various states independent ICT contracts and projects



2, Seriki Aro Street, Off Ajao Road, Adeniyi Jones, Ikeja, Lagos Nigeria.


Company Name: TAG Logic Technology Limited June, 2012 to date

Status/Job Role: GH/CFO


Ensure that periodic Financial Reports are prepared in line with IFRS/GAAP, reviewed and presented to the board

Ensure and approves all entries to be posted into the GL and all other subsidiary accounts

Review and approve all Financial reports generated on a regular basis

Ensure proper management of company's assets from procurement, booking, classification, age analysis, movement monitoring, proper accounting, depreciation/impairment calculations etc

Manages and ensure timely reconciliation of all receivables, payables and other assets in line with company's policy and IFRS

Provide strategic Financial information to management/board on expenditure, revenue and financing decisions

Implement efficient cost control mechanism to manage the company's OPEX and CAPEX in line with the company's vision and strategy

Handle monthly proofing/reconciliation of accounts

Co-ordinates the activities of auditors and other regulators

Ensure full compliance to regulatory policies and rendition/filling of all reports/returns

Represent the company on various tax matters and ensure resolution of all relevant tax issues

Make presentations to the board on any financial requirement, decisions and make appropriate professional recommendations to it in line with best practice.

Make presentation to Executive management on alternative financial structure for the Academy e.g. self-funding and or sole subsidiary

Provides information and supervision on budget/plan preparation as well as built control mechanism that monitors ongoing performance, set limits, determine variances and analyses those variances

Provides accurate, timely financial information/inputs that aids optimal vendor selection and pricing

Provide strong and positive leadership to the group ensuring competent and motivated staff are hired and retained.

General Administration of staff welfare, consequence management and compensation package.

Ensure adequate cost efficiency and effectiveness measures are in place and are being followed

Apply diverse management information tools in the evaluation of various learning interventions(or projects), and advise management accordingly

Engages Senior/Executive management on various learning investment options (or projects) in line with the clients' strategy

Ensure adequate and efficient talent management process are in place within the organization

Apply appropriate cost separation techniques to manage various learning portfolios (or projects)

Justify learning investment by determining and analyzing the ROLI to Executive management

Render periodic returns on expenditure and investments and ensure proper financial reconciliation and adherence to cost limits/optimization strategy and planned activities

Provide support for the periodic reviews of activities across all clients centres/agencies

Guide client's learning activities in line with ITF requirements to ensure maximum reimbursement (50%)

Co-ordinate the development and implementation of information system and processes for the management and control learning expenditure and the analysis of critical learning Investment decisions in line with the overall plans and policies of our clients

Administer training assessments/examinations and marking guides, ensuring confidentiality and compliance to agreed standards

Co-ordinate vendor activities and adherence to SLAs and process payments & bill settlements

Research and recommend alternative financial implications for learning investment treatment e.g. transfer pricing


B. BANKING: (Internal Control/ Banking Operations/ Audit)

i. Equitorial Trust Bank/Now Sterling Bank Plc.

Adeola Odeku Street, V.I, Lagos

Status/Job Role: Resident Internal Control Officer 2006 to May 2012

ii. Allstates Trust Bank Plc, Now ECO Bank Plc

Oyinjolayemi Sreet, V.I, Lasgos Status/Job Role: Internal Controller Officer/ Inspector/Auditor 2003 to 2006

iii. Lafenda Micro Finance Bank Limited

45, Lagos-Abeokuta Road, Lafenwa, Abeokuta, Ogun State

Status/Job Role: Accountant/Treasurer 2001 to 2003


General Internal control functions in a financial Institution

Ensuring a sound Internal Control system of the bank

Ensuring compliance and adherence to all policies and procedures

Ensuring compliance to all bank’s policies (Financial & otherwise)

Ensuring compliance to statutory regulation, policies & financial circulars

Ensuring that errors, irregularities & frauds are timely uncovered

General Internal Audit functions of the bank

Maintaining the banks’ books of Accounts, from ledgers to final accounts

Performance of all operation function authorization and supervision

Inspection visitation & Review of branches

Supervision of cashiers daily balancing & control of working funds

Treasury management and control of vault cash holding limit

Supervision/ Rendition of CBN returns

Ensuring compliance to relevant SAS, SSAP & IFRS in the preparation of final accounts

Budget preparation, implementation and monitoring

Management of Banks Investments and assets e.g Placement with other banks

Design and maintenance of full Accounting system (Financial/Management)

Other related function of an Accountant in financial service industry

Monitor budget and provide cost control to ensure compliance with Bank’s policies


i. Name: J.O Lawal & Co (Audit Firm)

1, Onikoko Road, Panseke, Abeokuta, Ogun State

Status: Audit trainee, Audit team leader 1999 to 2001


Participation in Final Audit Assignment

Preparation of audit working papers

Performance of audit tests

Audit Reviews

Drafting of audit reports/Domestic reporting

Internal control system evaluation

Carrying out special investigation on the request of the client

Tax matters

Financial Consultancy assignments

Design and Implementation of full financial system

Formulation of internal financial policies in line with the industrial best practice

Formulation of internal Audit procedures and programmes

Periodic review of internal control systems

Training and development of Account and Audit staff

Evaluation and appraisal of staff performance on the job been trained for

Contract/Job Costing, Critical PERT analysis, reviews and Evaluation

Any other special assignment by the client ( Tax matters, Portfolio management)

Financial Advisory services to the client


Name: Learning Success Associates/ TSC (Ogun State)

Status: Subject teacher/ Lecturer / (Visiting Lecturer) 1997 to 2006


Tutor/Instructor in the following areas of ICAN Examinations:

Management Accounting, Auditing & Financial Accounting

Cost Accounting, Strategic Financial Management & Taxation

Quantitative Techniques and Information Technology

Computer Studies, Mathematics & Economics


Proficiency in Microsoft windows, Word, Excel, and Power Point Presentation

Proficiency in calbus, recent Banker, P-sale, Finacle, Globus, SAP/ERP & Peachtree Accounting application packages

Mathematically & Quantitatively inclined - Computational Skilled

Equipped with relevant techniques in evaluating Capital budgets / mgt's decisions evaluation techniques

Reporting Writing - Ability to prepare excellent report without sacrificing details and accuracy.

Ability to work without supervision

Excellent human relations’ skill


1.Reading 2.Teaching/Lecturing 3.Traveling

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