Experience

Joeny Holdings Limited

• Nigeria
• Oil and Gas
• 1 - 100 Employee

• Group Chief Internal Auditor

  • Oct 2020 - Present

  ACCOMPLISHMENTS: • Resumed the role of Group Chief Internal Auditor, rolled out sterling internal control mechanisms across all processes, streamlined finance-related spending in line with the budget; saved a whopping N500M. • Formed strong synergy with Creditors Management Team that aided in the eradication of over N10B debt repayment to Creditors and their management. • Developed and enforced 6 process-optimizing policies and guidelines, essentially assuring the accomplishment of the company's goals and objectives, and provided reliable financial reporting for management. • Consistently provided coaching and training to junior staff and guest auditors; efficiently provided a platform for the smooth execution of any emerging audit programs. • Proficiently evaluated key strategic projects and present potential cost-savings or operations streamlining tactics to Senior Management and the Board of Directors periodically RESPONSIBILITIES: • Prepare Annual Audit Plan focusing audit assignment on areas of high risk and moderate risk tendencies using the available lean resources to cover a 2-time audit for areas of high risk and one time for areas of moderate risk within the financial year. • Audit financial reports to confirm that such reports reflect the financial position of the business (Ie the integrity of the financial reporting) • Carry out operational audits to confirm that the resources of the business and operations are carried out in line with the policies of the Group • Execute such audit plan and prepares audit report to the Group Chairman • Reviews Organizational policies confirming their relevance, applicability to the business, and that such policies are best practices • Draw up and review approval matrix in terms of expenditures, Procurements, Contracts, OPEX, and CAPEX items • Carryout Internal control functions in terms of payments before being effected • Provide consulting services to the Chairman and Executive Committee on business decisions Show less



Dangote Cement

• Ikoyi, Lagos State, Nigeria

• Audit Manager

  • Mar 2019 - Aug 2020

  ACCOMPLISHMENTS: • Integrated Fraud Discovery, System Improvement, and Process Evaluation into the company's Internal Audit requirements; recovered a sum of N700M as monies that violated the financial due-process system. • Developed and executed a topnotch internal controls training that was implemented globally for all key employees, leading to a 32% reduction in identified internal control deficiencies • Enhanced the reliability of the company’s Internal Control Management System via the execution of various internal audit engagements covering shared services, corporate accounting, payroll, procurement bidding processes, freight, manufacturing, and recruitment • Oversaw the planning and coordination of the initial audit to determine the adequacy of the company's system of internal control. • Took the lead in the development of a strong understanding of the P&L, Balance Sheet, expense analysis, and the organization's business model • Designed a template for the reporting of Internal Control stewardship; provided a platform for smooth management decisions. RESPONSIBILITIES: • Participate in the annual risk review of the business • Prepare annual audit plan and present it to the Audit Committee for approval • Plan, execute, and manage operational audits promptly covering all functional areas such as Sales, Production, Procurement, Security, and Finance amongst others • Prepare a detailed audit report to the Management Committee to aid in decision making • Deploy internal control mechanism across all invoice payments and validate any identified gaps Show less



Melka West Africa Ltd

• Head of Finance and Administration

  • Jun 2015 - Aug 2016

  • Set up and implement an effective financial strategy and track deliverables against targets • Break down the unit’s strategic objectives into monthly targets in terms of Commercial Control, Treasury management, Tax Planning and administration, Financial Accounting, and Accounts Payable Management. • Define the company’s Treasury Management to include providing funds for operational basis, Working Capital Management and Cash budgeting and Control, FX Management • Handle Tax Planning and Administration, ensuring that statutory taxes such as vat, withholding tax, and PAYE are paid without attracting penalties yet at convenient times • Resolve tax issues, file annual returns, and obtain the annual TCC and other relevant Industrial Permits. • Maintain and report on the company's financial records as part of the Financial Accounting System • Ensure the integrity of the financial statement is kept within acceptable monthly limits. • Set up the internal control system to secure the assets of the organization in synergy with External Auditors, and other statutory bodies as part of statutory requirements. • Manage payables to align with receivables and ensure payable terms with contractors are complied with • Source, shortlist, interview and employ qualified candidates based on recruitment needs. • Establish and enforce an effective Consequence Management System in line with policy • Drive employees’ compliance with Ethics Policies covering punctuality, work etiquette, and discipline. • Execute quarterly documented employee training as part of workforce development programs. • Manage the company’s Promotion, Redeployment, and Disengagement System • Oversee the company’s Payroll Management System and grade employees according to their position. • Manage staff travel arrangements and ensure an effective security management system is implemented. • Enhance the efficiency of the company's assets including generators, and vehicles Show less



Lafarge Africa Plc

• • Jul 2011 - Feb 2015

  ACCOMPLISHMENTS:• Acted as Senior, Internal Auditor, tactfully re-designed the audit planning process by developing and implementing “guiding principles” which led to better risk coverage and partnership with the external audit firm and a 5% reduction in external audit fees.• Realized savings worth over N500M per annum through the drive of reducing cement tolerance limit from 3% to 1% across the company’s operational plants.• Championed and participated in Plant Audit leading to overall plant efficiency and recovery of over N500M from various suppliers and contractors, hiring of mobile equipment, and impress pay-outs.• Took the lead in Credit Management System covering Procurement efficiency, transparency, and reduction of invoice processing time (from >60days to < 10 days), reducing OPEX and CAPEX and improving overall working capital by 56%.• Increased non-operational revenue by more than 200%, via the implementation of Asset Disposal Audit that aided in the smooth transparent disposal of the company’s bided cars and furniture.RESPONSIBILITIES:• Offer objective assurances to top-level management on internal control effectiveness• Perform risk analysis, internal audits, business process improvement and compliance audits• Handle special projects covering bank fund recovery & reconciliation, vendor labor cost recovery, PO Process cycle time reduction, and cement tolerance review.• Analyze the risks involved in key company's processes and services.• Carry out process-based operational and financial audits across all company units and implement appropriate actions • Prepare and review operational policies in line with business focus• Execute control testing to identify the level of compliance of established controls mitigating identified risks in business processes• Integrate SOD application, compliance to policies, approval matrix for expenditure, credit sales, and reconciliation statements into the company's mitigating control mechanism Show less

• • 2011 - 2015

  I provided objective assurances to top level management on internal control effectiveness, working with diverse teams of highly skilled professionals to identify key business issues that contributed immensely to operational efficiency. I also performed risk analysis, internal audits, business process improvement, compliance audits and special projects from a corporate perspective. I led some team members in certain projects such as: bank recovery of funds and reconciliation project, Vendor labour cost recovery, and PO Process cycle time reduction, Cement tolerance review amongst others and participated strongly in others such as selection committee on estate managers, selection committee on caterers, company- wide associated risk exposure committee and Lafarge FOC as Head office location Champion. Carried out several IT, operational and financial audits in various processes and sub processes such as: HR, Treasury; Finance, Credit & Conventional Sales; Logistics; Purchasing; Inventory and imprest;. In all review exercises conducted, made significant findings and recommendations leading to improved processes and recovery of funds and followed-up action plans to execution.Carried out several control testing to identify level of compliance of established controls mitigating identified risks in business processes. Some mitigating controls includes: SOD application, compliance to policies, approval matrix for expenditure, credit sales and reconciliation statements.Prepared and reviewed operational policies such as: Sales, Credit, Procurement, Inventory, Fixed Asset, CAPEX, Inventory, HR and Corporate policies amongst others. Show less



Grand Petroleum

• United States
• Oil and Gas
• 1 - 100 Employee

• Audit Manager

  • Jan 2011 - Jun 2011

  • Establish a pre-transaction audit process for all payments of supplier’s invoices • Spearhead monthly savings of several millions of naira from over-invoicing • Oversee the monthly stock reviews and establishment of stock controls • Develop policies and procedures covering Finance; Stores; Sales; Procurement and HR • Establish a pre-transaction audit process for all payments of supplier’s invoices • Spearhead monthly savings of several millions of naira from over-invoicing • Oversee the monthly stock reviews and establishment of stock controls • Develop policies and procedures covering Finance; Stores; Sales; Procurement and HR



Mabon Group

• Victoria Island, Lagos State

• Group Internal Auditor

  • Nov 2007 - Dec 2010

  • Ensure operational practices are in line with procedures and carry out variance investigation. • Provide auditing support to the Operations, Financial, Administration, and Contracts teams • Handle project evaluation, budgeting and budgetary controls, variance investigation, debt management, tax management, and administration. Some of my major responsibilities included: • Identify business and operational risks and put in place mitigating controls • Establish financial control Measures, ensuring compliance with approval limits and in line with budget • Review budget and estimates, investigate and report variance. • Review Cash flow Management and Administration System in line with policy. • Carry out a pre-transaction review of cash and bank payments while also overseeing tax query review • Handle and review the status of the company’s project in line with the Project Management System Show less



Stephen Fasawe and Co (Chartered Accountants)

• Yaba, Lagos State

• Audit Senior

  • Sep 2006 - Oct 2007

  • Plan and oversee the auditing process • Allocate responsibilities to junior and staff auditors • Review team members’ work for accuracy and compliance • Perform effective risk and control assessments • Complete audits on time and submit reports to the auditing manager • Present audit findings and find ways to increase compliance and efficiency • Coordinate periodical audits • Plan and oversee the auditing process • Allocate responsibilities to junior and staff auditors • Review team members’ work for accuracy and compliance • Perform effective risk and control assessments • Complete audits on time and submit reports to the auditing manager • Present audit findings and find ways to increase compliance and efficiency • Coordinate periodical audits



Stephen Fasawe and Co (Chartered Accountants)

• Yaba, Lagos State

• Audit Associate

  • Oct 2005 - Aug 2006

  • Support the accounting and auditing team in their daily functions. • Prepare and manage audit budgets. • Verify the company’s financial information. • Plan and perform financial audits and prepare audit reports and statements. • Create and manage internal auditing systems. • Resolve client audit queries efficiently. • Ensure compliance with state and company best practices. • Support the accounting and auditing team in their daily functions. • Prepare and manage audit budgets. • Verify the company’s financial information. • Plan and perform financial audits and prepare audit reports and statements. • Create and manage internal auditing systems. • Resolve client audit queries efficiently. • Ensure compliance with state and company best practices.



Multi-Links Telecommunications Limited

• Victoria Island, Lagos State

• Accountant

  • Oct 2001 - Sep 2005

  • Prepare monthly returns on VAT on a timely basis and Processes PO invoices • Update fixed asset register, reconciliation, and depreciation journals • Review petty cash expenses and ensure accurate general ledger entry including accruals and prepayments • Provide financial data in the preparation of cash flow budgets, monthly management report • and financial report • Reconcile balance sheet items and update its supporting schedules and maintain loan repayment and interest schedules • Manage all accounting transactions and prepare financial statements Show less