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Accounting Assistant

Lekki, Lagos, Nigeria
October 16, 2020

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Nigerian Male Born on 4th July 1978 Married


Strategic Planning & Execution Start-up & Turnaround Finance & Accounting Operations Business Strategy Fund Raising Partner Acquisition Due Diligence Research & Development

Versatile business leader with background in two of the 'Big 4' accounting firms and over 17 years’ experience in finance and business operations. I have demonstrated track record of successfully resolving management and finance challenges such as cash rationing and raising, as well as managing cost. Collaborative management style with strong leadership instincts and ability to excel independently. Excellent cross-functional management skills including working across multiple departments. Extensive software capabilities including SUN systems, Proactis, Ms Office suite. Broad global Sarbanes-Oxley experience. Currently Chief Operating Officer (COO) at Eraskorp Nigeria Limited; responsible for New business, P&L and running of the organization. Previously worked at Addax Petroleum Nigeria, as Senior Joint Venture accountant, Lead, Budget and management accounting and promoted to management level as Head, Accounting transactions. These are backed big 4 audit and management consulting experience from Deloitte and KPMG.

Merging strategic finance experience with insightful ability to understand big picture in order to enhance profitability and efficiency.


Eraskorp Nigeria Limited, Lagos Nigeria May 2019 – Present Chief Operating Officer May 2019 – Present

• Manage the EPC, Gas & Power subsidiary of the group (Erasko Energy Limited),

• Develop and drive strategies for revenue growth and sustainable profitability across the group

• Lead organizational build-out effort, implementing governance structures, optimizing business processes

• Manage company day to day operations, oversee HR and Admin functions, CFO oversight Achievements:

Developed the downstream power business and generated $15M to be executed over 2 years

Led the team to secure three significant oil and gas EPCI contracts valued and circa $30M

Established partnerships with a buying house, OEMs and an A rated EPCI company to expand value offerings

Participated in securing a $10M equity for the groups chemical plant project. Addax Petroleum Development Nigeria Limited April 2007 – December 2018 Head, Accounting Transactions September 2014 – December 2018

• Drove the Accounting transaction process and implemented the P2P processes

• Coordinated transaction taxes - input, extraction & payments

• Implemented cash & general working capital planning

• Supervised Logistic (SCM), HSE and Security support accounting & Provide leadership for the Accounting Transactions team Achievements:

Managed invoiced transaction valued at circa US$30 million – with an eye on cash flow planning during low price regime

Negotiated contract credit term with circa 50% of vendors to align to working capital management

Initiated and implemented strategies that resulted in savings of about $20 million in transaction taxes during a four- year period


Lead, Budget, Planning & Management Reporting July 2013 – August 2014

• Led Group Annual Internal Budget, Monthly & quarterly Reforecast

• Implemented budgetary controls- AFEs, contract verifications

• Carried out Scorecard & KPI review and monitoring- Performance analysis & management

• Conducted cost control, Process review, efficiency monitoring and reporting Achievements:

Executed CAPEX implementation of circa UD$1 Billion: Capital rationing; project prioritization and funds reallocation Senior Accountant, Joint Ventures – Exploration & Production Project April 2007 – June 2013

• Budget & Cost Control

o Annual Budget (Internal, Partner & Government)

o Liaison with gov’t agencies & partners for Budget and cost approval (Sub Com & Fin Com /Tecom) o Reviewing costs and charges (Including Time writing), Cost Reports and updating Cost/Budget Reforecast o Cost Monitoring & Control and performance variance analysis for all JVs & PSC in my care. o Coordination of Cost Verification / Recovery Audits (Partner & Government Agencies)

• Accounting

o Ensure proper books of account for all JV companies o Ensure proper chart of account maintenance

o Perform intercompany reconciliation and other reconciliation as required

• Partner/JV Administration

o Chairing JV Finance Committees

o Issuing Partner’s cash calls & Partner’s Billing Statements o Liaison with JV partners for JV Audits and billings.

• Leadership

o Acting for JV Accounting Manager

o Developing new JV Accountant

Addax Staff Cooperative Society – finance director (Volunteer) January 2011 – January 2016

• Accounting and financial reporting process & Procurement

• Responsible for the internal control and audit of the cooperative

• Designing cash & general working capital planning

• Procuring and implementing accounting software and process automation Achievements:

Implemented an ERP system to coordinate the finance and operations of the cooperative

Participated in growing the society’s net asset to NGN1B an increase of 300% within 2 years

Secured a NGN2B facility line, coordinated disbursement and payback processes KPMG Professional Services, Lagos February 2005 – March 2007 Senior Consultant, Internal Audit, Risk & Compliance Services

• Client Engagements:

o Outsourced Internal Audits- Quality assurance of internal control functions o SOX Audits: Reviewed controls, established control weakness and non-compliance and championed remediation o Operational Process Reviews: Reviewed SCM process, risk profiling and control formulation o Financial Process Reviews: Reviewed Financial commitment process and recommended process improvement and controls

o Risk Assessment and Control formulation

o Accounting Services: Financial Statement Preparation, Ledger Account Reconciliation, Stock and Fixed Asset Reconciliation

• Leadership

o Worked as team lead on client engagements

o Developed new hires


Deloitte Lagos, Nigeria September 2003 – February 2005 Associate, Assurance Services

• Client Engagements:

o Statutory Audit of companies in Downstream Energy Sector, Manufacturing, Telecoms and Hospitality Industry: Staff Assistant

o Investigation and forensic Audit: Staff Assistant o Financial Due diligence for Business Combination: Staff Assistant SPEAKING ENGAGEMENT

• Institute of Chartered Accountant of Nigeria (May 2014): Mandatory Continuous Professional Education- Accounting for Fixed Assets in the Telecommunications Industry

• Institute of Chartered Accountant of Nigeria (November 2015): Mandatory Continuous Professional Education- Environmental Cost & Sustainability Accounting

• Lagos State Inland Revenue Service: (May 2017): Audit Staff Training- Effective Tax Audit PROFESSIONAL AFFILIATION

• Fellow Member: Institute of Chartered Accountant of Nigeria (ICAN) FCA (April 2017)

• Graduate Member: Nigeria Institute of Management (NIM) GMNIM (Nov. 2002) EDUCATION

• Edinburgh Bus. Sch. (Heriot Watt Uni.) MBA (Finance) In View 2019-

• Ahmadu Bello University, Zaria. B.Sc. Accounting 2nd Class Upper Div. 1999 – 2002

• Rotbol Computer Institute, Lokoja Diploma Distinction 1998

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